(NEW YORK) NewsGuard today announced that Leo Hindery, Jr. has become an investor in the company, joining previous investors including Publicis Groupe, Cox Investment Holdings and former Thomson Reuters CEO Tom Glocer.
Mr. Hindery is former President and CEO of Tele-Communications Inc. (TCI) and former CEO of AT&T Broadband. He is a former Chairman of the National Cable Television Association and of C-SPAN and is a member of the Cable Industry Hall of Fame. Mr. Hindery is currently Chairman and CEO of Trine Acquisition Corp. (NYSE: TRNE.UT/TRNE.WT)
NewsGuard, which launched last year, uses nine basic, apolitical journalistic criteria to rate and provide Nutrition Labels for all the news and information websites that account for 96% of online engagement in the U.S., and it has also launched in the U.K., Germany, France and Italy.
The ratings and reviews are now available to be licensed by internet and mobile phone providers to make available to their broadband and mobile subscribers, to add protection against misinformation and hoaxes to the family controls tools these companies provide. Microsoft licensed NewsGuard last year, and NewsGuard ratings and labels are now integrated into the Microsoft Edge mobile browser for iOS and in Android devices.
“I invested with great success in Steve and Gordon’s last venture,” Mr. Hindery explained, referring to Press+, a company that made it possible for newspapers to charge in a friction-free way for online subscriptions. “And this is an even better, more important idea – and a great way for my friends who lead the broadband and mobile industries to tackle a key problem plaguing their customers and the nation.”