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Next New Networks raises $15 mil


March 13, 2008 Herb Scannell's Next New Networks said Wednesday that it has raised $15 million, led by Goldman Sachs and Velocity Interactive Group. Next New Networks was co-founded last year by Scannell, the former vice chairman of MTV Networks and president of Nickelodeon Networks, and it features video sites focusing on fashion, politics, comic books, cars and other niche subjects. Velocity's partners include former Fox Interactive Media president Ross Levinsohn and former AOL CEO Jonathan Miller.

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