More Money for Topix.net

Posted on November 8, 2006

Topix.net has received an additional $15 million from the newspaper media companies that initially invested in it in 2005. The ownership of Topix.net by news publishers is now Gannett 33.7%, Tribune 33.7% and McClatchy 11.9% for a total of 79.3%.

Topix CEO Rich Skrenta says in a statement, "The support of these leading newspaper companies has been invaluable in helping us quadruple our traffic since their initial investment."

Topix.net also has a useful blog search. Blogs are automatically searched in the results but users can select the option to have only blogs searched. Topix.net also has a section showing the top stories in the blogosphere.