Bleacher Report Raises $10.5M; Now Fifth Largest Sports Site

Bleacher Report is going to announce a new $10.5 million round of venture capital this morning and a lot of people reading this will probably say, "Bleacher-who?" Somehow Bleacher Report has pulled off two things you're not supposed to be able to pull off in Silicon Valley's Web scene. The first is keeping a low-profile while growing steadily in users and revenues. The second is building a serious sports challenger to the big portals and legacy news companies. Finally.