Boston - Social networking service Gather.com announced on Tuesday that Kevin McClatchy, CEO of the Pittsburgh Pirates major league baseball team and a director at The McClatchy Co., the third largest newspaper company in the U.S., has acquired a minority stake in the company.

Boston-based Gather.com said that the new investment funds by McClatchy will be used to expand its product development efforts and support its business expansion plans.

Gather.com members connect around shared interests ranging from politics to books and from cooking to travel and are compensated for contributing content on the site.

Other investors in Gather.com include former Lotus Chairman Jim Manzi, Allen & Co., The American Public Media Group, Hearst, The McGraw-Hill Cos., and Southern California Public Radio.

Related Links:
http://www.gather.com