Alongside WPP in the round are venture capital firms New Enterprise Associates (NEA), Shea Ventures, Correlation Ventures, August Capital, First Round Capital, Maveron, Focus Ventures and Neoteny.

Say Media, a US-based publisher, has raised $27m from a consortium including advertising agency WPP.

Alongside WPP in the round are venture capital firms New Enterprise Associates (NEA), Shea Ventures, Correlation Ventures, August Capital, First Round Capital, Maveron, Focus Ventures and Neoteny.

Matt Sanchez, chief executive of Say, said: “The new round of financing, which comes on the heels of worldwide publisher of Time magazine Kim Kelleher being named Say’s new president.”

Say was formed in Novembwer 2010 by the merger…