Roku raises $60M from Hearst, News Corp, others

Roku, the streaming video device maker, has raised $60 million in its sixth round of funding. Media giant Hearst Corp. and an unnamed institutional investor joined News Corp. and its subsidiary British Sky Broadcasting in ...

Cosmo's Brown donating $30M to Columbia, Stanford

(AP) -- Cosmopolitan magazine's longtime editor Helen Gurley Brown is donating $30 million to Stanford and Columbia universities to create a bicoastal media innovation laboratory, the universities and Hearst Corp. announced ...

Pandora raises IPO offering price range

(AP) -- The popular Internet radio service Pandora raised the price range of its initial public offering on Friday by at least a third to between $10 and $12

Pandora hopes IPO will raise $123 million

Pandora Media Inc., which announced plans earlier this year to sell its stock in an initial public offering, said it and its investors were seeking to raise as much as $123 million - an amount that would value the Internet ...