Sunday, July 13, 2014
Inquirer Daily News

NBCUniversal buys stake in NowThisNews

NBCUniversal, owned by Philadelphia-based Comcast Corp., acquired a 10 percent stake in NowThisNews that produces video shorts of news events for distribution on Facebook, Twitter, Vine and other social media and mobile services.

The shorts can last between six and thirty seconds. NBCUniversal and NowThisNews will collaborate on content for Today, MSNBC, NBC News and CNBC.

Kenneth Lerer, former chairman of the Huffington Post, is one of the NowThisNews cofounders. - Bob Fernandez

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