McLean, Va. - Bulletin News, a provider of business-focused news content, has raised $5 million from Dubilier & Co., a private equity firm.

The company was formed in June by the combination of two businesses -- Bulletin News Network, Inc. and Custom Briefings, which was previously co-owned by Bulletin News Network with U.S. News & World Report.

The $5 million in funding is part of a planned $15 million initial funding round.

Bulletin News said it delivers its electronic news content "to an elite subscription base of high-ranking political and corporate decision-makers, including Washington's top officials and CEOs from Fortune 500 corporations."

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