New West has announced a new round of financing, and leading it is a name familiar in the world of television but less so in the Internet world: Maury Povich. TV celebrity Povich is a landowner in Montana, and New West, an online media operation with presences in towns throughout the Rocky Mountain West, is headquartered in Missoula, Montana. Also in on the round are Boulder-based venture capitalist Brad Feld and John Connors, Montana native and former CFO of Microsoft (and now a VC in Seattle).
New West founder Jonathan Weber (who was visiting us here in Boulder this week) expressed his happiness on his website: “Raising money is never easy, and raising money for journalism-oriented projects can be particularly challenging, but today I’m delighted to report that we have closed the deal.”
New West “features original reportage, analysis and commentary on a wide range of topics that are central to life in the Rocky Mountain West, and enables anyone to contribute stories and photos and be a part of the conversation.” The company was formed in early 2005 by Weber, who was co-founder and editor of the Industry Standard. The company’s future plans include conferences and events, specialty publications both online and offline, custom publishing, and a regional print magazine. The company also has an indoor advertising business called Boomtown Ads.
This is one of those nice developments that brings hope for independent online news publishing.