Fresco News Startup Gets $1.2 Million from Investors

New York Post: Fresco News, the crowd-sourced journalism startup, got crowded with journalistic investors through an investment round of $1.2 million. Newcomers to the Manhattan-based operation, which enlists iPhone-toting civilians to deliver user-generated content to professional news organizations, include former Yahoo CEO Ross Levinsohn, CNN co-founder Reese Schonfeld, Mediabistro founder Laurel Touby and former News Corp. digital chief Jon Miller.