Mashable Received $15 Million Funding From Time Warner
The News website Mashable (digital media) received $15 million funding round from Time Warner Inc.’s Turner division (traditional TV network).
Mashable will use the latest funding round to expand its video offerings, including on traditional TV, and enhance its advertising capabilities, according to the statement.
The funding will also use to co-develop and distribute video content of Turner’s TBS, TNT channels and Mashable. Both companies will work together on new technology and advertising opportunities, according to a statement Thursday. In addition, Kevin Reilly, chief creative officer for Turner Entertainment and president of TBS and TNT, will join Mashable’s board.
Turner and other media companies are looking to digital publishers to reach younger audiences that may not subs...