Cumulus Media is taking a number of steps to build out the platform for the Nash country music brand it launched last year. It is partnering with Country Weekly to insert a 16-page section in that magazine — word has it that will be followed by the purchase of a 50 percent stake in the pub — and eyeing big expansions into television, satellite radio and the concert business.
A group of investors affiliated with Jumpstart Foundry has taken the lead on a $1.2 million fundraising round for PandoDaily, the Silicon Valley news and event company. Sarah Lacy, the editor of the two-year-old site pictured here, says Jumpstart's role in bringing together the "unconventional group of investors" stemmed from her involvement with the Southland conference, which debuted last June.
$1.2 million is more than we initially set out to raise, and we are still wrapping up a few last conversations, so the final total may tick up to $1.5 million before it’s all done (I’ll update this post and our disclosure page if that happens). We were lucky to raise that money at a healthy valuation, which I won’t disclose, because no entrepreneur ever does if she can help it. The new investment brings our total raised to date to $4.2 million.
HT: Southern Alpha
Cool Springs media company CML Entertainment has partnered with Morgan James Publishing out of New York to launch a book imprint that plans to unveil nine titles this fall. Although CML has its roots in the Christian entertainment business, this collaboration will focus on projects "cultivating and nurturing strong character through true-life examples of courage and honor."
Last night, Green Bay Packers quarterback Aaron Rodgers found receiver (and Tennessee native) Randall Cobb for a late 48-yard touchdown strike that sent Green Bay into the playoffs at the expense of their opponent and bitter rival Chicago Bears.
Analysts and fans alike pointed the finger of blame squarely at Bears safety Chris Conte:
"This is one Bears fans will remember," Dungy said as he illustrated the play. "This is an all-out blitz. You see everybody coming. John Kuhn is going to do a great job coming over and picking this up. But there are two defenders to cover two inside receivers and they don't get the job done. ... But look at Chris Conte, Rodney."
Dungy's partner, Harrison, picked up the point.
"He just flat-out blows the coverage," Harrison said. "Everyone else is playing man-to-man coverage, and he lets his wide receiver go straight down the field."
A tortious interference and false light invasion of privacy lawsuit by Music Row writer and historian Stacy Harris against the former Gaylord Entertainment Co. has been cast aside by the Tennessee Court of Appeals, which last week affirmed Circuit Court Judge Joe Binkley's earlier dismissal. Here's the opinion on the case, which Harris filed after attending a Country Music Association press event featuring Martina McBride. At issue are the questions of whether media members are entitled by law to credentials needed to attend certain events and whether a PR representative's statement at the CMA event that the group was "only taking questions from invited journalists" was highly offensive to the average person. In both cases, the answer is a clear no.
Rolling Stone owner Wenner Media plans to next spring launch a website dedicated to country music and is hunting for between 10 and 15 editorial staffers, reports Ad Age. Gus Wenner, who says his team also will publish a country-themed special issue next year, tells Ad Age he's making a long-term commitment to Music City.
"I went through a lot of the iterations and proposals and modeling for Rolling Stone Country, but the most important thing was a trip I took down to Nashville," he said. "That is a culture that appreciates music."
"We're really doubling down on country: in the office, the people, the logo and the art that's going into the new site," he added. "You're going to realize that this thing is for real. This isn't something we envision putting up and pulling down if ad dollars dry up."