NBC, Tribune join FeedRoom feast

Video provider stacked with ex-TV exex

The FeedRoom, an Internet news site that provides videos to Netizens with broadband access, gobbled up $30 million in its second round of funding Tuesday, with NBC and Tribune Ventures among the top investors.

The Netco is stacked with former TV execs, including Jonathan Klein, formerly executive veepee at CBS News; Matthew Shapiro, previously veepee of network development at NBC; Rob Barrett, formerly veepee of Primedia’s Channel One Interactive; and Jay Fine, formerly senior veepee and general manager of East Coast broadcast operations for CBS.

Venture capital firm Warburg, Pincus Equity Partners, the lead investor in the round, will take two seats on the FeedRoom’s board of directors alongside Peter Lund, former CEO of CBS Television, and Chip Austin, previously CEO of Bertelsmann Online.

Besides giving coin to the FeedRoom, NBC and Tribune Ventures have entered into an agreement where they will develop co-branded Web sites with the Netco for their local television stations.

“We looked at several companies with similar capabilities and found that the FeedRoom’s tool set provided the best technology and the best service,” said Jay Ireland, prexy of NBC Television Stations Group. “Our partnership with the FeedRoom will enhance NBC’s owned-and-operated stations’ Web sites by enabling us to reach broadband users in a compelling way.”

Customized news

The FeedRoom converts news from the networks, local TV and cable stations and independent producers into a digital format that can be viewed online. The service gives Netizens the option of customizing the kind of news they want to see and to search through an archive for older footage.

“In the midst of a marketwide shakeout, to be endorsed by bedrock institutions like Warburg, Pincus, Tribune Ventures and NBC, with their vast media expertise, is an enormous boost and an important signal to our other potential partners,” Klein said.

The FeedRoom is based in Gotham and was launched earlier this year.

More Digital

  • Elaine Paul - Amazon Studios

    Elaine Paul Exits as Hulu CFO to Join Amazon Studios

    Elaine Paul has departed Hulu after nearly six years as chief financial officer to join Amazon Studios as CFO/VP of finance. She started at the ecommerce company’s studio division on July 15, reporting to Dan Jedda, VP of digital, advertising and corporate development finance for Amazon, a company rep said. Paul’s move to Amazon, first [...]

  • BritBox to Roll Out in the

    'Downton Abbey' and 'The Office' Heading to BritBox as Streamer Unveils U.K. Launch

    British broadcasters the BBC and ITV have formally agreed to launch their joint streaming service, BritBox, in the U.K. in the fourth quarter of 2019. It will be priced at £5.99 ($7.50) per month, making it the same price as the cheapest Netflix subscription in the U.K. ITV will control BritBox, holding a 90% stake. [...]

  • Vobile - ZEFR acquisition - Yangbin

    Zefr Sells Its Copyright-Flagging and YouTube Channel-Management Businesses to Vobile for $90 Million

    Vobile Group, a video protection and measurement company, announced a deal to acquire Zefr’s RightsID copyright-management and ChannelID YouTube channel-management businesses for about $90 million. According to the companies, Zefr’s RightsID and ChannelID together generated over $40 million in revenue in 2018 and were profitable. The deal stands to more than triple the revenue for [...]

  • Justin Connolly

    Disney Merges All Media Sales and TV Channel Distribution Under Justin Connolly

    Disney promoted longtime ESPN exec Justin Connolly to the new role of president, media distribution, overseeing a single organization that combines all of the company’s media sales and TV channel distribution operations. Connolly previously served as EVP, affiliate sales and marketing, Disney and ESPN Media Networks. Based in New York, he will report to Kevin [...]

  • NASA - International Space Station

    Hulu Is Getting NASA TV in Time for the Moon Landing Anniversary

    Hulu’s live TV service is getting NASA TV just in time for the 50th anniversary of the Apollo 11 mission. In addition to a live feed, which is available only to subscribers of Hulu’s live TV tier, Hulu is also gaining access to select NASA TV series on demand. The live TV deal was announced [...]

  • iheartmedia logo

    iHeartMedia Stock Drops in NASDAQ Debut

    Shares of iHeartMedia, the U.S.’s biggest radio network, fell as much as 7% after they commenced trading Thursday on the NASDAQ Global Select Market, and ended the day down around 3%. Last month, after exiting a year-long bankruptcy reorg, iHeartMedia announced it was approved for listing on NASDAQ, instead of pursuing an IPO. The company’s [...]

More From Our Brands

Access exclusive content