DOBBS FERRY, N.Y. — Zeam, the company with an eponymous local news-focused streaming video app and John Stamos as a celebrity spokesperson and C-Suite member, hyperlocal streaming platform Zeam, has acquired NewsON, a competing app, from Sinclair Inc.
Financial terms of the deal were not disclosed.
Zeam, headquartered in Midtown Manhattan, said the investment “strengthens the foundation of local broadcast journalism, helping stations remain competitive, grow reach, and monetize more effectively.”
With this acquisition, Zeam will feature local coverage in every U.S. measured market with the NewsON stations being integrated into Zeam’s core streaming service.
Importantly, NewsON will now be called “NewsON. Powered by Zeam” with Zeam powering the livestreams of many of NewsON’s local broadcast station partners.
In fact, NewsON will continue as a standalone platform backed by Zeam’s technology.
Jack Perry, CEO of Zeam, said, “With NewsON coming under the Zeam umbrella, we are not only shaping the future of local broadcast journalism, but also reinforcing its essential role in American communities. Through our joint resources we are setting local broadcasters up for a future beyond linear.”
Kevin Cotlove, EVP and Chief Digital Officer at Sinclair, added, “NewsON has been an important resource for connecting viewers with trusted local news from across the country. We’re confident that under Zeam’s leadership, the platform will continue to support stations and strengthen the value of local journalism.”
