GigaOM reports on media companies that are venturing into nurturing startups, including the Philadelphia Media Network and its new business incubator, Project Liberty.
The CEO of the Philadelphia News Network, meanwhile -- former Newsweek publisher Greg Osberg -- has said he has much bigger goals for the project, and that he wants to “find the next Foursquare and house it at Philly.com.”
Whether that’s going to happen or not remains to be seen, but at least the startup idea shows a spark of life from the newly reformed newspaper company, which was created after lenders to the previous owner of the Philadelphia Inquirer and Daily News bought the assets out of bankruptcy. And it’s not the first unusual venture to come out of the new media company: earlier this year, it announced a plan to offer discounted Android-based tablets to readers who signed up for one or two-year subscriptions to the Inquirer and the Daily News.
Original source: GigaOM
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