CNN chief executive invests in Manchester media disruptor
The Mill, a Manchester-based media disruptor has raised £350,000 from a group of supporters, including Sir Mark Thompson, the former director general of the BBC and ex-CEO of the New York Times, who was this week named as the new chief executive of CNN.
The investment gives the new shareholders preference shares in the Mill and values the business at £1.85m.
Joshi Herrmann, founder of The Mill told TheBusinessDesk.com that the funding round would allow the company to launch in three other cities over the next two years.
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