ENTERTAINMENT

Whittle Gets a New Investor: Whittle Communications, the brash media company that created a news show for high school students and other novel ways for advertisers to reach audiences, is getting a $350-million infusion from a Wall Street investment firm to expand. In exchange for the cash, the firm Forstmann Little & Co. will get securities that can be converted into a one-third equity interest in Knoxville, Tenn.-based Whittle, the companies said. Chairman and founder Christopher Whittle said the deal will help his company launch services and develop “increasingly large-scale, alternative media systems.”