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Media company pulls in $5 million

Media company Line56 says it has secured $5 million in its second round of funding, with investors including Francois Bitz, founder of Fore Systems and a former Carnegie Mellon professor. Line56 said the names of the other investors were not disclosed. The Los Angeles-based company said it will use the funds to further its business-to-business operations. Line56 publishes a monthly e-business magazine and holds conferences. The company said it is moving its San Francisco editorial staff to its headquarters in Los Angeles.

    Media company Line56 says it has secured $5 million in its second round of funding, with investors including Francois Bitz, founder of Fore Systems and a former Carnegie Mellon professor. Line56 said the names of the other investors were not disclosed.

    The Los Angeles-based company said it will use the funds to further its business-to-business operations. Line56 publishes a monthly e-business magazine and holds conferences. The company said it is moving its San Francisco editorial staff to its headquarters in Los Angeles.