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NewsStand gets $7.2 million in funding

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Austin, Texas—NewsStand Inc. announced it has secured $7.2 million in a round of funding led by Adams Capital that includes Noro-Moseley Partners, SSM Ventures, New York Times Co. and others.

NewsStand now offers 175 publications for digital distribution.

"NewsStand will use proceeds from the new round of funding to expand marketing and sales initiatives that will increase its market penetration worldwide and will continue to perfect its digital reading experience through Web and print integration," Kit Webster, president-CEO of NewsStand, said in a statement.

—Sean Callahan

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