Washington – The Washington Post and USA Today publisher Gannett (NYSE: GCI)
have invested in Silicon Valley digital news startup Ongo, the company said on
Tuesday.
The New York Times also participated in the $12 million round of
funding.
Ongo is developing a new service — to be launched by the end of the
year — that will allow users to read and share digital news and information
from multiple publishers.
"We are building Ongo to reflect the many ways
consumers prefer to read, organize and share digital news," said Alex
Kazim, Ongo’s founder and CEO.
Kazim previously served as the president of
eBay’s Skype unit, as well as the head of marketing and business operations for
PayPal.
Related Links:
http://tinyurl.com/25jewj6
http://www.ongo.com
