San Francisco Chronicle Business & Technology News - Spoken Edition

NewTV gets new money; Abercrombie gets Venmo; Palm fans may get new phone?


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Number of the day $1 billion That’s how much Jeffrey Katzenberg (with friend, right) and Meg Whitman have raised for NewTV, which will offer short videos designed to be watched on the go, like waiting at a doctor’s office or just walking around. The investor group was led by Madrone Capital Partners, backed by heirs to the Walmart fortune, and includes Alibaba and Goldman Sachs.
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San Francisco Chronicle Business & Technology News - Spoken EditionBy San Francisco Chronicle