Scripps Latest Digital Deal Funds Ebyline for $1.5M
Ebyline gets financial support via EW Scripps investment of $1.5 million. Ebyline is a startup online marketplace that brings together journalists and content providers to sell their work to publishers, as reported.
This is just the first round of support that Ebyline will get from EW Scripps. The latter has been very active in improving its media business by ramping up their digital efforts. In a report read on SiliconAngle, EW Scripps revenue increased amidst the economic drought experienced by most ventures within the industry. They also resurrected Shopzilla’s dying relevance in the e-Commerce with 7.2% increase in profits.
Within Ebyline, journalists and writers that were interviewed and selected from a pool of candidates can readily pitch in and make contents or articles that will focus on stories from present and the past, whatever the buying client wishes. Publishers go here to not only purchase specific materials but to also catch some good people that they can hire for future assignments. Ebyline makes money by getting an 8% cut from the fees that the buyers or publishers will pay the providers. Ebyline can also be used by the publishers as a platform to sell their own content. Variety uses services of Ebyline to sell their movie reviews to other publishers.
This organization was formed from the efforts of 2 former LA Times publishers Jeffrey Johnson and Leo Wolinsky. It was founded in 2009, but full throttle in operations commenced just last month. It is very unique in a sense that Ebyline follows an a la carte business model. Publishers can choose from individual stories and buy them at once.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.