Glam Media raises $84.6 mil for expansion

February 26, 2008 Women's online network Glam Media hit another milestone Monday, announcing a further $84.6 million round of financing led by German publishing powerhouse Herbert Burda Media. Burda, Europe's largest publishers of woman's magazines, was the lead investor in the consortium that originally pumped $64.6 million into the Silicon Valley-based Glam group. Glam, which raised another $20 million in revenue-based debt financing from Hercules Technology Growth Capital, sells advertising over a network of more than 460 sites that includes Premiere.com, the Web sites for CBS Entertainment's "Entertainment Tonight," "The Insider" and the "Rachael Ray Show" and Lifetime TV's branded sites.

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