New York Times Invests in Dutch “iTunes for News” Company

By: Mathew Ingram | GigaOM

Blendle, a Dutch startup that sells access to news and other content from a variety of European media outlets on a per-article basis, says it has closed a Series A financing round of $3.8 million that was led by the New York Times Co. and German media giant Axel Springer. The company says it plans to use the money to expand to other European countries over the next several years.