Craig McCaw Invests in Web Video News Service

Mar 20, 2009  •  Post A Comment

Communications billionaire Craig McCaw is backing a new Web start-up, 1CAST, that aims to serve as a destination for news clips, Forbes.com reports. The company has already signed deals with Bloomberg Television and CNBC, in addition to Reuters and the Wall Street Journal Digital Network, the site says. The service, which will be available on iPhones and Android phones, will share news clips with readers based on key terms, with content partners splitting revenue for ads served with the videos, Forbes adds.
—Sergio Ibarra

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