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Investment suddenly flowing to online news sector

Mostly money is coming from traditional media, seeking ways to deal with a transition to digital news
Monday, August 24, 2015 - 05:50
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BuzzFeed made news with a US$200 million capital injection from Comcast's NBCUniversal, and with the announcement of a joint venture with Yahoo Japan for Japanese readers.

Washington

SUDDENLY the online news business is red-hot.

Money is flowing into digital news ventures at an unprecedented pace, as investors anticipate an accelerating shift away from traditional media, and new ways to generate revenue from news.

BuzzFeed made news this past