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BuyMedia raises $45 million in financing

Published on .

BuyMedia.com, a service for broadcast media buyers, Jan. 17 announces it has raised $45 million in financing from Internet Capital Group, a business-to-business venture capital company. ICG is taking an undisclosed minority stake in BuyMedia, which plans to use the funds to expand into other media such as print, newspaper, cable and outdoor.

Copyright January 2000, Crain Communications Inc.

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