In the shadow of yesterday’s eye-opening announcement that Tumblr raised another $85 million, you may have missed the news that a less-heralded company snagged $33 million in funding. What’s more, this company isn’t a fancy tech outfit or a social networking site but a Web publisher.
TechMediaNetwork, which owns sites such as Space.com and LiveScience.com, is a straightforward publisher network proudly in the business of content creation. It owns 16 Web properties, ranging from consumer sites to IT professional-oriented newsletters to review-centric sites like Laptop.com. Advertisers include American Express, AT&T, General Motors, HP, Sony, Toyota and Warner Bros.
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