TOP NEWS Raises $35M

Los Angeles-based Media Corporation disclosed details on the firm's venture capital funding, saying today that it has raised $35M in a round of funding led by Quadrangle Capital Partners. The firm operates and a number of other Internet content sites. According to the firm, the round closed on September 8th, and wil be used to accelerate the firm's growth. Daniel Rosensweig and Andrew Frey of Quadrangle will join the firm's board as part of the funding. operates a free web-based email service, along with content sites such as HollywoodLife and Quandrangle said that was re-launched by founder and current CEO Jay Penske in May of 2007. had uncovered the funding for the firm yesterday but did not have details of the funding. More information »