GridNetworks Snags $9.5M To Fund Its HD Quality Internet Video Content Technology
'Mainstream television is moving to the Internet,' said Tony Naughtin, president and CEO of GridNetworks yesterday, as he announced $9.5 million Series A financing led by Panorama Capital and two strategic investors to be disclosed in the future. 'GridCasting is a great solution to support this. We provide a real television experience for the consumer, allow low-cost distribution, and produce a content delivery service that is very sympathetic to the ISP network,' he added.
The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as this weekend, moved to the forefront of the presidential campaign Saturday.
In the arena that night, the whole last minute was drowned out by cheers — and then when the soaring music swelled, the confetti rained down as the harbinger of balloons and the hopeful first family took the stage, forget about it — it was a perfect end to a convention that last Monday, no one even knew if it would happen. But it did, and I'm so glad to have been there.
