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	<title>WebProNews &#187; Omidyar Network</title>
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		<title>FM Publishing Gets $4.5 Million</title>
		<link>http://www.webpronews.com/fm-publishing-gets-4-5-million-2007-08</link>
		<comments>http://www.webpronews.com/fm-publishing-gets-4-5-million-2007-08#comments</comments>
		<pubDate>Mon, 27 Aug 2007 20:15:22 +0000</pubDate>
		<dc:creator>Doug Caverly</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[blog]]></category>
		<category><![CDATA[Controversy]]></category>
		<category><![CDATA[Federated Media Publishing]]></category>
		<category><![CDATA[JPMorgan Partners]]></category>
		<category><![CDATA[Omidyar Network]]></category>
		<category><![CDATA[Publishing]]></category>

		<guid isPermaLink="false">http://www.webpronews.com/?p=40052</guid>
		<description><![CDATA[<p>Federated Media Publishing&#8217;s homepage declares that it is &#8220;built on conversational media,&#8221; and I won&#8217;t argue the point.&#160; I&#8217;m sure that some prior rounds of funding helped, however, and a new one - FM just received $4.5 million - will probably also be of assistance.<br />
<br />
]]></description>
			<content:encoded><![CDATA[<p>Federated Media Publishing&rsquo;s homepage declares that it is &ldquo;built on conversational media,&rdquo; and I won&rsquo;t argue the point.&nbsp; I&rsquo;m sure that some prior rounds of funding helped, however, and a new one &#8211; FM just received $4.5 million &#8211; will probably also be of assistance.</p>
<p><span id="more-40052"></span> &ldquo;Return backers include . . . JPMorgan Partners and Omidyar Network,&rdquo; reports peHUB&rsquo;s <a href="http://www.pehub.com/wordpress/?p=1378" title="&quot;VC Roundup: FM Publishing . . .&quot;">Dan Primack</a>.&nbsp; Primack later continues, &ldquo;It&rsquo;s a bit unclear how much the company had raised previously (it won&rsquo;t say), but our database indicates a $750,000 seed round in mid 2005 and at least $2 million in Series A funding last year.&rdquo;</p>
<p>It&rsquo;s also unclear what FM intends to use the fresh $4.5 million for &#8211; the company&rsquo;s last press release was written on July 11th, and its <a href="http://www.federatedmedia.net/blog/" title="FM Blog">blog</a> is seven days behind the times.&nbsp; With any luck, FM will at least manage not to create any more <a href="http://www.webpronews.com/blogtalk/2007/06/25/bloggers-criticized-for-microsoft-spokesblogging-ads" title="&quot;Bloggers Criticized for Microsoft 'Spokesblogging' Ads&quot;">controversy</a>; the &ldquo;paid spokesblogging&rdquo; back-and-forth didn&rsquo;t really benefit anybody.</p>
<p>As for &ldquo;[o]ther recent developments for ad networks,&rdquo; Mashable&rsquo;s <a href="http://mashable.com/2007/08/24/federated-media-funded/" title="&quot;Federated Media Raises Another $4.5M in Series B Funding&quot;">Kristen Nicole</a> lists &ldquo;the funding of OpenAds, the launching of AdPerks, and FeedBurner&rsquo;s self-publishing ads system.&nbsp; Facebook, Magnify, Meebo and YouTube are some social networks that are in the process of tweaking and improving their own ad network options as well.&rdquo;&nbsp; It&rsquo;s definitely been a busy couple of months in this market.</p></p>
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