Robust social media network Buzz Media raises $12.5 million in latest funding

The social media network showing indications of sturdy growth, Buzz Media, has raised $12.5 million in its most recent funding round. The 2003-founded company, which has managed $43.5 million in funding thus far, had earlier raised $6 million in 2007 and $25 million in 2008.

With the latest round, Focus Ventures now joins the list of Buzz Media's secure investors comprising Anthem Ventures, Redpoint Ventures, New Enterprise Associates, Sutter Hill Ventures, and Universal Music Group.

Of late, the fledgling media company has caught public attention largely because of its growing portfolio of music and celebrity-themed web properties, which include the company's flagship Buzznet, as well as WWTD, Stereogum, and Idolator. Across these properties, Buzz Media manages 40 million unique monthly visitors.

Though the robust Buzz Media has lately announced a round of job-cuts, the company has not showed any visible shows of slowing down, more so as the new funds have been marked for the persistent expansion of its portfolio.

According to reports, the chief focus of Buzz Media would be to manage its music-related content under Buzznet, and its celebrity content under the Celebuzz banner. Moreover, the company's plan of action in the near future would be to keep attracting advertisers with its properties which are not only content-rich and highly-targeted, but also economically-maintained!

Thats quite good!

That a great news during the troubled times.
Its even better as they are in media sector, which is facing tough battle due to declining advertising revenues.

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