We always found it strange the Huffington Post was unprofitable, what with the Web juggernaut's traffic growth, editorial accomplishments and army of unpaid writers. It turns out HuffPo's investors thought that was weird too. Time for a new ad man.
Though it's garnered $25 million in venture investment, HuffPo in January was making about one fourth the revenue of content competitor Salon.com, valued at just $700,000 by the public markets. This might explain why Eric Hippeau, the investor CEO recently installed to fix HuffPo's finances, has hired former Yahoo ad chief Greg Coleman as president and chief revenue officer, as reported by Kara Swisher of All Things . Coleman shoves aside, then, current Chief Revenue Office James Smith, who has been at HuffPo for nearly three years after stints at AOL
We can't say that's a terrible move, given Smith's track record, but it's by no means a given that Coleman can go much further selling HuffPo's notoriously sketchy pageviews. But then he, too, has worked at AOL, known as much for its dodgy accounting and traffic-goosing as for its wholesome oxfords-and-khaki corporate uniform (Coleman remains a fan). So there's some hope.