Thursday, January 04, 2007

Next New Networks Secures $8M in Funding - New York, NY

Next New Networks, a consumer media company launching micro television networks over the Internet, has received $8 million in venture capital funding from Spark Capital, the company said on Thursday. Boston-based Spark Capital focuses investing in companies that transform the distribution, management and monetization of media and content.

Herb Scannell, a co-founder and CEO of New York-based Next New Networks, is former vice chairman of MTV Networks and president of Nckelodeon. The company will use the $8 million to accelerate the company's rapid growth and further product development.


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