Red McCombs has been very active in the  Austin startup space in the past month.
In late August, the media tycoon launched Faithvine.com, which offers
social networking, news, commentary and Bible study tools and resources.  According to Red McCombs Media CEO Jon Flatt, "the
main vision behind Faithvine.com is to provide a forum for visitors to discuss
real issues, while supplying information and entertainment to the Christian
community." Faithvine will be headquartered out of Red McCombs Media’s Austin office.

The Austinconnection continued this week as McCombs increased his investment in Austin-based
Media Excel, which develops real-time software for visual media applications
for distribution over networks. Media
Excel’s main product, the 3200f file transcoder appliance, is tailored for
broadcasters, content owners and aggregators VOD systems.

It is great to see someone with such an impressive track record
actively participating in the Austin community. Hopefully, more companies
will benefit from the wisdom and equity offered by the founder of Clear Channel
Communications and Red McCombs Auto Group.