56 posts and columns on USA Today
Investment advice startup SigFig has raised a $15 million Series B round led by Union Square Ventures and Bain Capital Ventures, the company announced today. Prior investor DCM also participated. SigFig users upload information about their investment portfolios to get advice and recommendations about high fees and bad investments. The company has also started to work with media companies such as CNN and USA Today on partnerships that utilize its aggregate investment data. USV’s John Buttrick will join the startup’s board.
We’ve heard Pandora complain it pays too much in royalties to make a profit. (Of course, we also watched Pandora raise $235 million in its IPO and double its listeners in the last two years.) But a business that exists to deliver music can’t really complain that its biggest cost is music.
– Roger Waters, David Gilmour and Nick Mason of Pink Floyd, writing in USA Today about Pandora’s push to slash artists’ royalties by up to 85 percent
Gannett, best known as the newspaper publisher behind USA Today, is making a big bet on TV: It is paying $1.5 billion, and taking on $715 million in debt, to acquire local station owner Belo Corp. If the deal gets regulatory approval, Gannett will nearly double its portfolio of TV stations from 23 to 43.