The McClatchy Co. of Sacramento said today it's one of 29 initial investors in a company designed to license and make profit from online news content.
McClatchy, which publishes The Bee, joined with other news companies in launching NewsRight, a fledgling business led by former ABC News President David Westin. NewsRight's goal is to become a clearinghouse of sorts to make sure media companies get compensated by those reprinting online stories.
"NewsRight's mission is to make sure consumers continue to benefit from all the original news reporting they want while ensuring those who republish content do so with integrity," Westin said in a press release.
Gary Pruitt, chairman and chief executive of McClatchy, is one of 14 NewsRight board members.
McClatchy spokesman Peter Tira said the company has invested $150,000 so far in NewsRight and plans to invest another $150,000.
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