Tuesday, November 07, 2006

Topix.net Raises $15m More

News search engine Topix.net has announced that has taken $15 million in additional funding from three large media companies, Tribune, Gannett and McClatchy. The company raised a round about 18 months ago for an undisclosed sum that was only said to be under $5 million. That funding came from Tribune, Gannet and Knight-Ridder, who have since been acquired by McClatchy.

Topix brings a long list of features to news search and focuses on local information.
The company was started by several founders of the DMOZ directory. The company says that it is currently experiencing substantial growth, something that traffic analysts Hitwise confirm. Hitwise reported in September that Topix’s market share in online news had grown 24% in one month since an August relaunch, that the site gets more traffic than the LA Times and the NY Post; Topix visitors were unusually weighted towards states like Kentucky, Alabama, Mississippi, Tennessee, and North Carolina and its users were 29% more likely to be over the age of 55 than the average Internet user.

Full story...

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