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Citizen Media's OhmyNews Grabs Funding

Posted by: Heather Green on February 22

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.

OhmyNews plans to use the investment from Softbank to expand internationally and develop its English language and OhmyTV editions. Softbank gets 12.9% of the company’s outstanding shares.

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Reader Comments

Slav

March 1, 2006 04:27 AM

Wow! No comments! Me thinks they protest too much.

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In Blogspotting Senior Writer Stephen Baker and Associate Editor Heather Green take a look at how cutting-edge technologies are changing business and society. Whether its blogs or wikis, data crunching or data targeting, technology’s advances are reshaping the world that we live in.

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