Pursuits
Time Warner's Turner Leads Mashable's $15 Million Funding Round
- Investment is latest partnership between TV and digital media
- Turner to partner with Mashable on video, advertising, tech
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Time Warner Inc.’s Turner division led a $15 million funding round for the news website Mashable, marking the latest investment by a traditional TV network in a digital media company.
Turner’s TBS and TNT channels and Mashable will co-develop and distribute video content, and the two 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.