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?
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: