“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


Related Stories

comments powered by Disqus
MU | Missouri School of Journalism | University of Missouri