mandag 26. april 2010

Entertainment journalist Sharon Waxman’s site TheWrap raises $2M

TheWrap, the entertainment news site founded by journalist Sharon Waxman, announced today that it has raised $2 million in a second round of funding.
Waxman, who is based in Los Angeles and previously covered Hollywood business for The New York Times, launched the site in January 2009 to “cover Hollywood in the digital age.” That’s also when she announced raising a $1.5 million first round led by Maveron, who also led the new funding.
TheWrap says it says it now gets more than 1 million unique visitors every month.
Perhaps not coincidentally, the funding news comes just a few days after Nikki Finke, writing at her competing site Deadline, claimed that TheWrap was about to fold due to a lack of funding.
Companies: Maveron, TheWrap
People: Sharon Waxman

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