Sling Media is starting to benefit from the popularity of their Slingbox device. The Slingbox allows consumers to transmit their local cable and satellite television over the Internet. News.com reports that Sling Media has raised another $46.6 million in funding from companies including Liberty Media and EchoStar.
Sling Media's first product, the Slingbox, is a consumer electronics device that turns existing cable and satellite TV feeds into packets and then sends them across the Internet. Slingbox allows consumers to select regular TV programming they see at home and see it on any Internet-connected Windows-based laptop, smart phone or PDA.
The product is popular among business travelers, who, for example, can watch their hometown sports team while on the road. The device costs about $250, and there is no ongoing subscription fee to use the service. Slingbox is already sold in more than 3,000 retail locations.
More information about the Slingbox can be found on the company website and Amazon.com. Howstuffworks.com has an article about how the Slingbox device works.