media
We were impressed last month
when it was rumored that the
Huffington Post may have raised $15 million in new investment, a big accomplishment for a media company at a time when the media economy is in the trash. Well, those rumors turned out to be false. Actually, HuffPo
has raised $25 million from a venture capital firm. Amazing. So what will they do with all this cash?
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media
According to
some reports, the
Huffington Post has raised $15 million in a new round of investment. But nobody really knows for sure whether that's true, yet! Let us say right up front that if it is true—and the
Times UK
says it is—this will be the coup of the media meltdown. Raising cash like that in this economic environment is impressive, and we would have to tip our hats to HuffPo, and acknowledge that we have wildly underestimated them. Here are all of the details from various reports on Arianna's maybe-triumph:
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editors from hell
Arianna Huffington is
guest-hosting Rachel Maddow's show on MSNBC tonight, and the lineup looks impressively ambitious: Google CEO Eric Schmidt, HBO talk-show host Bill Maher, stat-whiz
Nate Silver and Cory Booker, the Newark mayor to whom
the internet publisher was once
rumored romantically linked (absurdly, her staff thought). The high-profile lefty gig is an appropriate laurel for an ambitious woman whose left-leaning site produced landmark coverage and
gangbusters traffic amid the 2008 election. But as former
Huffington Post staff can attest (and have), television appearances also mean a frenzy of last-minute research for editors like Roy Sekoff or Colin Sterling who
prepare Huffington's talking points. With an entire, hourlong show to host, rather than a brief guest appearance, it would be reasonable for staff to fear another of the screaming, teary emotional breakdowns described to us by several former
HuffPo staffers.
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Economics
New York City Mayor-for-life Michael Bloomberg is bringing his Midas touch to the ailing media industry! In the form of a year-long study sponsored by the city. It's not that Bloomberg, who got rich running his own quasi-media company, has a soft spot for newsprint; it's that there are 160,000 media jobs in NYC,
according to the Observer, and it would be beneficial for the municipal tax base not to allow them to crumble away in the face of a changing economy. The question is, can the city actually do anything about it?
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Crime
It was inevitable that the
Huffington Post would somehow end up sullied by recruiting such
a massive army of unpaid contributors. But few would have imagined something this awful:
Valued HuffPo political blogger
Carol Anne Burger shot herself Friday, and police now believe she was responsible for the brutal murder of her former lover two days earlier. Burger was a scuba-diving instructor who brought an amateur's zeal to her
work, and in this sense embodied the best of
HuffPo's democratic approach, calling to mind fellow contributor Mayhill Fowler, who broke the "Bittergate" story. But the website will not be eager to associate itself with Burger's energy in dispatching Jessica Kalish.
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the internet
It is easy to be so taken by
Arianna Huffington's charm and personal history that one loses sight of the big picture.
Just ask the New Yorker's Lauren Collins, whose profile of the
Huffington Post publisher had too much on Huffington's yoga and sleeping habits and not enough about how she operates her business. The
Times, too, seems to be overly concerned with personal narratives this morning,
educating readers at length about how Huffington and
royalist competitor Tina Brown went to fancy London parties together in the 1970s and both dated older men, so they're friendly rather than cutthroat competitors. Whatever. The real question: How is either of these money-losing publishers going to attract advertising?
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Listicle
The "voting" bit of the endless 2008 election has not yet happened, but honestly the winner of
that particular contest is of little concern to anyone but plumbers and unemployed auto workers and ladies who want their precious "abortions." No, from here, two weeks out from Election Day, with Obama suspending his campaign and John McCain abandoning swing states, we can already plainly see who's really come out on top over these last couple months. Media whores! And, you know, media people who we actually like and wouldn't therefore call "whores." After the jump, the five
real winners of the 2008 elections.
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the huffington posts
Arianna Huffington for many years sought to downplay the extent of her involvement in the Movement For Spiritual Inner Awareness, a cult ex-members described as sexually and financially exploitive in a series of
Los Angeles Times exposés in the 1980s and 1990s. During her then-husband's 1994 U.S. Senate run, the Greek-born socialite claimed movement founder John-Roger (pictured with her at a 2004 book party, left) was a mere friend, and pictures of him holding her daughter were ordered withheld from the group's newspaper, the editor later said. But the
Huffington Post editor-in-chief is an ordained "Minister Of Light" in the group and once described John-Roger to
Interview as her "way-shower." She relaxed a bit in the
New Yorker's Oct. 13
profile , admitting she had been too "defensive" about John-Roger, and allowing writer Lauren Collins to listen to a guided MSIA meditation stored on Huffington's iPod. But she wasn't entirely forthcoming. What about the role she has fashioned for her cult in
HuffPo staff development?
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retaliation
Hah! You write
three little items about how blog mistress
Arianna Huffington is a terror to work for and suddenly you're off the blogroll at the
Huffington Post. Seriously! We've had a place on that long list since day one, but today... nothing. And after all we've done for you, Arianna! Need we remind you of that party Nick threw for you when you launched your goofy blog? (The funny thing here is that we've made fun of the content, business plan, other contributors, comments, and tone of the HuffPo for years with impunity, but now it is apparently personal?) Anyway in retaliation we're going to retroactively unpublish all the times Balk mentioned Rachel Sklar's rack. [
HuffPo]