HuffingtonPost Raises HuffingtonPost Raises $5 Million in Financing

[133724]

HuffingtonPost.com, the left-leaning news and opinion Web site started last year by pundit Arianna Huffington, has sealed a $5 million infusion from venture capital firms Softbank Capital and Greycroft Partners.

The new capital will help HuffingtonPost expand its roster of more than 750 contributors, add to its 15-person editorial and technical staff, and develop more exclusive news, video blogs and Web-based video newscasts.

The site recently added a media news section called "Eat The Press" and plans to launch a section devoted to food, health and other lifestyle-related topics, Ms. Huffington said.

http://online.wsj.com/article/SB115504555614729832.html?mod=DIT

[cyberpj]

1. food, health and other lifestyle-related topics -- NO!! Don't sell out!

This is a political site and should STAY a political site.

My opinion, anyway.

[rocktivity]

2. I agree--I'd rather see that money go into a national TV program

But at least now the contributors can get paid.

:headbang:
rocknation

[itzamirakul]

3. I guess Arianna is looking to the future...to a time when war will

not be the major conversation. She is preparing for her own Martha Steward-ism. Her own tv network, because that is the only thing that can happen . These blogs cannot stay at the level thy are now. With success comes the need to grow.

[neoblues]

4. Probably just add more fluff...

it's hard to convert that money into hard hitting, incisive content... and alas, some of their choices aren't that interesting to me, but I suppose it's their money and they know best how to please themselves (and probably better than me how to make more money--which is probably their primary goal; isn't that the American ideal; isn't that part of what's wrong in the world).

[NYCGirl]

5. Well, you know, people like to get paid for what they do. And the writers

and webpeople notwithstanding, that much bandwidth is EXPENSIVE.