NEW YORK ( TheStreet) -- A digital news service called Ongo launched today after The New York Times ( NYT), Washington Post ( WPO) and Gannett ( GCI) collectively invested $12 million in the start-up company.

"Ongo is launching a news service that puts readers first, and will continue to do so by adding new publications and features," founder and CEO Alex Kazim said.

Ongo is accessible through most computer Web browsers, smart phones and tablets for a $6.99 monthly subscription fee.

Subscribers will gain access to complete news coverage from the Associated Press, The Washington Post and USA Today, as well as selected content from The New York Times and the Financial Times. Subscribers can add content from any title from a selected list of publications, starting at 99 cents a month.

"Ongo seeks to package content from premium news publishers and get a monthly subscription from users for the service," Ovum media and tech analyst Adrian Drury said. "It is an interesting spin on both paid news and personalized news reader app models."

At launch, every new Ongo subscriber receives free access to the platform for one month.

-- Written by Theresa McCabe in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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