Federated Media gets $50 million in venture funding

David Johnson April 15th, 2008

Federated Media Publishing has snagged $50 million in an investment round led by Oak Investment Partners. Federated Media publishes a number of very popular blogs, and provides ads to many others, including Lost Remote. “People have been speculating about it for months, but the real news is that this is the deal, and it’s closed,” John Battelle, FM’s founder, chairman and CEO, told Online Media Daily.