Washington Post, NY Times, Gannett invest in news aggregator

Sep 29, 2010
Freshly printed newspapers in 2009 in California. A news aggregator startup announced on Wednesday it has received 12 million dollars in funding from The Washington Post, The New York Times and USA Today publisher Gannett Co.

A news aggregator startup announced on Wednesday it has received 12 million dollars in funding from The Washington Post, The New York Times and USA Today publisher Gannett Co.

The startup, Cupertino, California-based Ongo, said it plans to launch a "consumer service for reading and sharing digital news and information from multiple publishers" before the end of the year.

"We are building Ongo to reflect the many ways consumers prefer to read, organize and share digital news," Ongo founder and chief executive Alex Kazim said in a statement.

"We're gratified three such influential media companies recognize the value of what Ongo is creating, and we look forward to opening our doors soon," Kazim said.

A former president of eBay's subsidiary, Kazim has also served as head of marketing and business operations for PayPal and held senior engineering and management positions at Apple and other technology firms.

The Washington Post said the three companies had invested four million dollars each in the venture.

US newspapers have been seeking new revenue streams and Web products amid a steady decline in print and circulation.

The plans to begin charging readers for full access to its website, NYTimes.com, early next year and the Times Co., like other newspaper companies, is developing news applications for devices such as the .

Explore further: ICANN chief stepping down in early 2016

Related Stories

TV, digital operations give Gannett a boost

Jul 16, 2010

USA Today owner Gannett said Friday that net profit surged in the second quarter on a strong performance from its television and digital properties and an improved print advertising climate.

Recommended for you

ICANN chief stepping down in early 2016

22 hours ago

The head of the group that oversees all Internet addresses will step down early next year, after a plan to end US oversight of the key nonprofit organization.

How alternative currencies could catch on and cash in

May 21, 2015

Alternatives to cash, like Bitcoin and Uber, may never replace the coins in our pockets or paper bills in our wallets, but they are creating significant social and economic impacts, and with some design adjustments, ...

Spotify introduces video, radio service

May 20, 2015

While saying that it is still a music company at heart, Spotify says it is expanding its lineup to include podcasts, news radio and video streaming.

For US allies, paradigm shift in intelligence collection

May 20, 2015

Fearful of an expanding extremist threat, countries that for years have relied heavily on U.S. intelligence are quickly building up their own capabilities with new technology, new laws and—in at least one ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.