Digital First Media forms investment company Digital First Ventures, will invest in tech startups focused on areas of content, advertising, audience development, in hopes to push transition from print to digital
December 13, 2011
– John Paton, CEO of Digital First Media, announced today the formation of Digital First Ventures.
The new company, to be launched in the first quarter of 2012, will make investments in tech start-ups focused in the areas of content, advertising and audience development.
“At Digital First Media we have learned the value of partnering with start-up pioneers to power our transformation from print to digital,” said Mr. Paton who made the announcement in San Francisco at the BIA/Kelsey Interactive Local Media conference.
“Partnering is vital to a company’s growth whether it is an established media company or start-up,” Mr. Paton said. “We are going to marry our scale with start-up innovation to build success.”
Further details of the new company will be released in the new year.
About Digital First Media:
Digital First Media is headquartered in New York City and jointly manages MediaNews Group and Journal Register Company. Digital First Media reaches 57 million Americans each month through more than 800 multi-platform products across 18 states.