03/28/2008 02:45 am ET Updated May 25, 2011

Media Congloms Adopt Strategies Of Venture Capitalists

Media companies are often criticized for not taking enough risks in choosing television shows, authors, movies and musicians. But when it comes to technology start-ups, their appetite for risk appears to be on the rise.

A growing number of media conglomerates have established divisions to take minority stakes in small Internet and technology companies. Other media companies that already have such venture capital arms are expanding.

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