TMS Buys Online Video Search Company CastTV

Posted Dec 20, 2010

Tribune Media Services has acquired online video search services company CastTV. CastTV was founded in 2006 by Edwin Ong and Alex Vikati and they raised $3.1 million from DFJ, Ron Conway, and Marc Andreessen. ?CastTV was profitable so we weren?t forced to make any decisions,? said Vikati. CastTV receives about 4 million monthly unique visitors. TMS plans on combining CastTV’s databases with their own metadata service. [AllThingsD]