Echostar, Others Invest in Sling Media

Sling Media on Tuesday said that it had secured another $46.6 million in financing, including investments from traditional media companies. Some of the higher profile investors include Goldman, Sachs & Co., Liberty Media Corporation and satellite provider Echostar Communications.

"It is refreshing to work with such established players who continue to push for new ways to delight and empower the consumer," Sling Media co-founder and CEO Blake Krikorian said. "In summary, we are stoked." Sling Media produces the Slingbox, a device that allows the user to broadcast what's playing on his or her television over the Internet. Slingbox has received several awards and attained a cult following among technology enthusiasts.