Meredith Corporation, which owns 25 magazines, 26 websites and 12 CBS, NBC and Fox local stations, has taken what it calls a ‘strategic stake’ in the mobile marketing company founded by Auckland brothers Derek and Geoff Handley. The US media company now owns 19.9% of The Hyperfactory

New Zealand-based mobile specialist Hyperfactory has scooped eight nominations - more than any other agency bar RG/A - for the Webby Awards 2009, a.k.a the Oscars of the internet.

Dubbed by The New York Times as “the internet’s highest honour” the Webby Awards are now in their 13th year.