Newspapers invest $15 million more in Topix.net

update: News aggregator Topix.net on Monday announced that it has received an additional investment of $15 million from the three newspaper groups that already own a majority stake in the company.

After the latest funding, Gannett and Tribune each own 33.7 percent stakes, and McClatchy owns an 11.9 percent stake in Topix. Last year, Knight Ridder--which was acquired by McClatchy in March--jointly purchased a 75 percent stake in Topix with Gannett and Tribune. The second round of funding boosts the newspaper companies' combined total stake to 79.3 percent.

"The support of these leading newspaper companies has been invaluable in helping us quadruple our traffic since their initial investment," Topix CEO Rich Skrenta said in a statement.
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