US: Gannett Co. invests in online video platform

Posted by Alisa Zykova on July 29, 2008 at 12:09 PM

Gannett Co., which publishes papers like the USA Today, announced yesterday that it made a minority investment in Mogulus, an online video platform from New York. According to Craig A. Dubow, Gannett Co.'s chairman, president and CEO, live Web broadcasting tools are vital in today's media world.

"Mogulus adds a new and exciting dimension to Gannett's already broad-based multimedia journalism efforts. Our reporters and photographers in the field are equipped with video cameras, laptops and broadband wireless connections to enable timely and relevant news delivery to the Web," said Dubow.

The business venture is an outgrowth from Gannett's previous deal dating back to April of this year with Mogulus, whereby the company provided Gannett's web sites with broadcasting services.

The broadcasts that Gannett has been able to air include:

-The Indianapolis Star's live editorial interview of Senator Barack Obama.
-Argus Leader's live Webcast of an interview with Senator Hillary Clinton.
-AZcentral.com's Webcast of a press conference during which the NFL announced the city that will host the 2012 Super Bowl.

Source: Market Watch