The funding will be used to grow news operations and to build distribution and marketing partnerships. Newsy monitors, analyzes, curates and presents the world’s news coverage through short 2 to 3 minute video segments available both on the web and mobile devices. It is useful for quick news consumption on the go, but also helpful in understanding context around stories covered by media outlets from around the world.
Newsy offers an iPhone app (my colleague Robin Wauters is a fan), Newsy just launched a nifty iPad app that allows you to watch high-quality Newsy videos, which highlight the differences in how global media outlets report a story. Users can flip through videos in a nifty cover flow type fashion, which should be familiar to anyone that uses Apple’s iTunes interface.