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Ex-Viacom Exec Launches Internet TV Venture; Raises $8 Million in First Round

Authored by Jay Baage on January 4, 2007 - 2:20pm.
New York - Herb Scannell, a former vice chairman of MTV Networks and former president of Nickelodeon Networks, unveiled Next New Networks on Thursday. The new company plans to put more than 30 of what it calls "micro-television networks" on the Internet. The company also announced that it raised $8 million in its first round of venture capital, led by Spark Capital.
tags: Deals | Internet | VC | Video | TV | Broadband | IPTV | Spark Capital | NNN | Next New Networks |