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News ByteHulu-style joint venture for digital magazines, is expanding to Canada and taking on a new investor. The JV, whose members include Time Inc., Hearst and Conde Nast, will add Rogers Communications’ Roger Media unit as an equity partner; Rogers will add two executives to Next Issue’s board of directors.
News Byte$20 million round the company closed last year. Rent the Runway has raised close to $55 million since 2009.