'NYT' Among NewsStand Investors

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By: E&P Staff NewsStand Inc. of Austin, Texas, raised $7.2 million in a round of funding led by Adams Capital and including The New York Times Co., among other investors.

NewsStand offers digital delivery of 175 print newspapers and magazines. The new funds will be used to expand marketing and sales initiatives.

The Times Co. had previously invested in NewsStand.

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