Journatic, LLC, a Chicago-based provider of extensive local content to media companies and advertisers, has received a strategic investment from Tribune Company.
The amount of the transaction was not disclosed.
The company intends to use the proceeds from the investment to expand its services for publishers, advertisers and agencies.
Led by Co-founder and CEO Brian Timpone, Journatic provides content production services to media companies and marketers. It delivers original community news to some of the largest media companies in the U.S. and produce sponsored content for thousands of small and medium-sized businesses as well as some national consumer brands. The company also operates blockshopper.com, an independent publisher of consumer real estate research covering more than 20 major metros, including Chicago, New York, Los Angeles, Houston, Miami, San Francisco, and Dallas.
Tribune is a multimedia company operating businesses in broadcasting, publishing, and interactive. The company’s broadcasting group owns or operates 23 television stations, WGN America on national cable and Chicago’s WGN-AM. In publishing, its daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press.