ProSieben, Scripps Invest in Free Internet Service Pluto TV

Financial Times: Pluto TV, the free internet television service, has raised new funding from investors including ProSieben of Germany and Scripps Networks Interactive as it lays the groundwork for European expansion. The company is said to have raised $30 million, valuing it at $140 million  —  a near fivefold increase on its first round two years ago.