Ebyline Raises $1.5M in Series A Financing
by FinSMEs on November 9, 2010
Ebyline, a Los Angeles, CA-based marketplace that helps news publishers and professional freelance journalists connect with each other, has raised $1.5m in Series A financing from The E.W. Scripps Company (NYSE: SSP).
Created by media executives Bill Momary and Allen Narcisse, and publicly launched in September 2010, Ebyline intends to create an alternative economic model dedicated to preserving high-quality reporting. The platform is already used Variety, ProPublica, Cars.com, Minnpost.com and The Texas Observer. Some of journalist members include credentialed freelancers from The Journalism Shop and The Sports Media Exchange.
The company received its initial round of funding from Los Angeles-based angel investors.
The investor, E.W. Scripps Company, is a diverse media concern with interests in newspaper publishing, broadcast television, and syndication. Scripps operates daily and community newspapers in 14 markets, and 10 broadcast TV stations, including the Scripps Howard News Service.
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