For
Immediate Release
Contact Gather.com: Liz
Bradley Kel & Partners (857)
891-5531 (cell)
Leading Social Media Site for
Adults Continues to Add Major Bench Strength BOSTON, Mass., June 19, 2007 —Gather.com, the leader in social media for adults,
today announced that Kevin McClatchy has taken a minority stake in the company.
McClatchy is CEO of the Pittsburgh Pirates major league
baseball team and a director at The McClatchy Company (NYSE: MNI),
the third largest newspaper company in the United States. The funds will be
used to expand Gather.com’s product development
efforts and support its global expansion plans. “Kevin’s investment in Gather reflects
continuing interest from high profile investors who recognize the power of
social media,” says Tom Gerace, Gather.com founder and Chief Executive Officer
(tom.gather.com). “In
addition to capital resources, he brings credibility and fresh ideas to further
accelerate the growth of the Gather.com community.” Mr. McClatchy joins several individuals and
corporations who have invested in Gather.com, including former Lotus Chairman
Jim Manzi, Allen
& Company, The American Public Media Group, Hearst, The McGraw-Hill
Companies, and Southern California Public Radio. “By providing a platform for people to share diverse
perspectives on a broad range of subjects, Gather.com taps into the essence of what
makes this world so great,” said McClatchy.
“The ongoing dialogue on the site represents the next frontier of the communication industry and I am
excited to be a part of it.” About Gather.com Gather.com (www.gather.com)
is the leader in social media for adults. Gather.com members connect around
shared interests ranging from politics to books and from cooking to travel, and
they’re compensated for their activity on the site. Members can engage in
conversation with state and local politicians, health and financial experts,
personal coaches, bestselling authors, and more. Over one million people visit
Gather.com each month to read content created by Gather.com members. Gather.com
has a highly educated, highly informed adult audience membership -- a
demographic elusive to most social networking sites. This demographic has made
Gather.com an exceptional partner to media companies, advertising agencies,
leading consumer brands, book publishers, and movie studios. Gather.com is a
privately held, privately funded company headquartered in Boston,
Massachusetts. Investors include Allen & Company, The American Public Media
Group, Hearst, The McGraw-Hill Companies, and Southern California Public Radio.
For more information, visit www.gather.com
or call (617) 720-4000, x1032. ### |
