Citizen Media's OhmyNews Grabs Funding

Citizen journalism pioneer OhmyNews gets $11 million in funding from Softbank.
Heather Green

Dan Gillmor's Bayosphere citizen media startup didn't pan out, but OhmyNews, the Korean company that inspired him, just announced $11 million in venture funding. OhmyNews definitely has traction. Six years old, the site has become a prominent news outlet, with 80 staffers and revenues of $5 million.

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