21st Century Fox Leads $8 Million Stake in TheSkimm

Bloomberg: 21st Century Fox Inc. led an $8 million investment in theSkimm, owner of the popular newsletter Daily Skimm, providing funds that the company will use to create a studio for the production of original videos. Joining Fox in the funding round are existing investors RRE Ventures, Greycroft Partners and Homebrew. Fox saw an opportunity to invest early in an emerging media enterprise, putting the company in line to reap the benefits if theSkimm grows into a much larger business.