Arrington, who runs influential TechCrunch, likes the deal, and Gannett's involvement. His headline: "Big media gets serious about LiveStreaming."
In its press release, Gannett says only that the tie-up was a "minority investment." Other financial terms weren't disclosed. Arrington based his $10 million on a source he didn't identify. His explainer graph: "Mogulus, like competitors Ustream and Justin.tv, allow anyone with a camera, computer and Internet connection to live stream to the Internet, reducing huge overhead costs for remote coverage (you don’t need things like satellite uplinks)."
Dept. of Kremlinology
A Gannett Blog reader finds it interesting that CEO Craig Dubow is the executive quoted in the Mogulus release -- rather than, say, Chief Digital Officer Chris Saridakis. (Of course, if I knew this deal would land on a high-profile tech blog, I'd quote the big cheese, too!)
Earlier: GCI said investing $8 million in Cozi social network
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