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Joost Gets Funding

10 May, 2007 By: Erik Gruenwedel

Budding Internet TV service Joost announced it had secured $45 million in funding from CBS Corp., Viacom Inc. and other venture capital firms. New York-based Joost — founded by the creators of file-sharing pioneer KaZaA — last week said Warner Bros. Television Group would begin offering select programming on two ad-supported branded channels later this year.

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