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Federated Media takes big investment

boingboing.net — Federated Media Publishing, the company founded by Boing Boing band manager John Battelle, has just received a $50 million minority investment from Oak Investment Partners. This is huge news for FM, a company that handles ad sales and other publishing services for Boing Boing, Ars Technica, Dooce, and a slew of other sites.

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