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Mobile TV Firm Sling Media Gets Investment from Hearst Corporation

Authored by Mark Hefflinger on February 14, 2005 - 10:40am.
San Mateo, Calif. -- Sling Media, a provider of technology that lets consumers view the live TV programs they subscribe to at home from any Internet-connected device, announced on Monday that it has received an undisclosed investment from The Hearst Corporation. The investment follows on a $10.5 million first round of funding closed in November. San Mateo, Calif.-based Sling Media expects to ship its $249 Slingbox Personal Broadcaster set-top box, which lets users "placeshift" their satellite and cable TV shows, as well as programs recorded with a digital video recorder, in the first half of 2005. "The media marketplace is undergoing rapid change, and we are impressed with Sling Media's pioneering approach of placeshifting the living room television experience," said Scott English, vice president of strategic investments for Hearst Interactive Media.
http://www.hearst.com 
http://www.slingmedia.com

tags: Mobile | TV | Sling Media | Hearst Corporation |



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