“MTC, Mizzou will gain from Newsy’s exit,” St. Louis Business Journal, Dec. 13, 2013The Missouri Technology Corporation (MTC) made its first-ever investment in Newsy in 2009.

That $250,000 investment is now paying off for the MTC, which will realize a positive return after Newsy, the Columbia-based digital video news provider, was acquired by E.W. Scripps for $35 million this week.

The University of Missouri-Columbia also has equity in Newsy.

Randy Picht, executive director of the Reynolds Journalism Institute, said the university has a 3 percent equity stake in the company, which has been diluted over time as Newsy closed on other funding rounds.

MTC, Mizzou will gain from Newsy's exit


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