Zinio raises $20M to expand digital newsstand

Digital newsstand Zinio has raised $20 million in new financing according to a Securities and Exchange Commission filing.

Zinio's mobile reading application spans Apple's (NASDAQ:AAPL) iPhone and iPad, Google's (NASDAQ:GOOG) Android and the desktop. Zinio offers more than 5,000 magazine titles from around the world, including Rolling Stone, The Economist, Hello!, US Weekly, T3, Travel + Leisure.

Earlier this month, Zinio expanded its services to Amazon.com's new Kindle Fire tablet. As an added incentive for new Zinio buyers on any device, the firm is offering new subscribers a $25 credit that they can redeem for magazines across its global newsstand through March 2012.

For more:
- read this TechCrunch article

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