GridNetworks Snags $9.5M To Fund Its HD Quality Internet Video Content Technology
'Mainstream television is moving to the Internet,' said Tony Naughtin, president and CEO of GridNetworks yesterday, as he announced $9.5 million Series A financing led by Panorama Capital and two strategic investors to be disclosed in the future. 'GridCasting is a great solution to support this. We provide a real television experience for the consumer, allow low-cost distribution, and produce a content delivery service that is very sympathetic to the ISP network,' he added.
Republican presidential candidate Sen. John McCain has chosen Gov. Sarah Palin to be his running mate. She would be the first woman to serve on a Republican presidential ticket.
AFP - Nigerian President Umaru Yar'Adua's anti-corruption drive has claimed another scalp with news Friday of the arrest of an ex-governor who allegedly embezzled millions of dollars of state funds.
AP - The NBA officially handed over the Seattle franchise to Oklahoma City about two months ago, and three trucks arrived downtown at headquarters on Friday.
