The FeedRoom Receives $30 Million in Additional Funding

The FeedRoom (http://www.feedroom.com), a broadband news video service, announced today that the company has secured $30 million in second-round funding from a group of investors led by Warburg, Pincus Equity Partners, L.P. Participants in the round included Tribune Ventures, NBC and others.

The FeedRoom digitizes the latest news and informational video from television networks, local television stations, cable providers and independent producers, to create a video newsstand. Viewers can watch and search the footage of their choice on demand. The FeedRoom's management team includes former executives from CBS, NBC, ABC, Fox and Primedia.

In addition to supporting The Feed Room financially, Tribune Company and NBC are also working with The FeedRoom to create co-branded Web-based video news areas for each of their combined 29 television stations in the top 50 U.S. markets. These broadband destinations will offer localized news and informational video.

The FeedRoom will use this round of funding to launch its national site, and the co-branded Tribune and NBC sites to the public. The company also plans to add additional content partners.