Huffington Post Gets $25 Million for New Initiatives

[gristy]

Source: Editor & Publisher

The Huffington Post, which this year became one of the most popular online news outlets (as ranked by Nielsen) today announced that it has secured $25 million in funding from Oak Investment Partners, a venture capital firm based in Palo Alto, California.

As statement from the news/opinion site said it would "invest in its technology and infrastructure, increase its in-house advertising capabilities, and continue to expand its content offerings -- including a new investigative journalism initiative and a rollout of local versions of The Huffington Post in select cities." The announcement was made by Arianna Huffington and Kenneth Lerer, co-founders of The Huffington Post. An Oak Investment representative will now join the five-person board.

"This commitment from Oak Investment Partners will allow us to accelerate our growth, with more verticals, more video, more citizen journalism initiatives, more cities for our local editions, and a fund for investigative journalism," said Huffington in a statement.

Read more: http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003917825

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Very interesting!

[Arctic Dave]

1. Great. Now if she would stop her web site from doing that pee stain

on my computer every couple of seconds that would be great too.

[valerief]

2. LOL!!!! It IS annoying!

:rofl:

[hendo]

4. thanks for the laugh

nt

[prostock69]

6. Oh, I thought that was just my computer. LOL!

[jetphixer]

3. Colors & Faces

Please I am begging you The P color has 2 go And Stop putting Lieberman's & Palin's Picture on this thing it gets expensive to keep tossing bricks an shooting this Monitor every hour!! Just kidding However I am sick of looking at those 2 ding -a- lings '

[Tandalayo_Scheisskopf]

5. I vote that they dedicate a whole section...

To nothing but Lala Rawraw and Mary Lyon.

From there, we can branch out and take over the whole damn thing! MWAHAHAHAHAHA!!! :evilgrin: