Stitcher Raises $10 Million to Turn Your iPhone Into a Talk Radio Receiver
Stitcher, which helps mobile-phone users stream talk shows, news updates and podcasts to their iPhones, BlackBerrys, etc., has raised a $10 million C round led by New Enterprise Associates. Earlier investors Benchmark Capital, New Atlantic Ventures, and Ron Conway re-upped as well. Stitcher promises users it can help them get their content more quickly than downloading via intermediaries like iTunes; it tells advertisers it can aggregate large groups of listeners. It has raised $20 million to date.