HuffPost: No Plans To Pay Contributors
September 28, 2007
Ariana’s web experiment turned blog super power recently raised another $5 million and “should be” profitable by 2008. They have an expanded staff of 43 full-time employees, but don’t pay their 1,800 or so contributing writers. Ok, so Bill Maher doesn’t need anymore money, but we’re sure some of the lesser known scribes wouldn’t mind getting something back for their words. Or is the platform worth it? We think it is, and that’s why many more are trying get on that list of 1,800. Ken Lerer, the Huffington Posts’s co-founder told CNET that paying contributors is, “not our financial model. We offer them visibility, promotion and distribution with a great company.”
Arianna Huffington spoke with USA Today: “If you wake up and have something to say, great. We’re there for you to say it. Bloggers do it for free to express their opinion, reporters report. We are paying more and more people. We have a huge payroll with editors, reporters and a tech team. When we hire staff, we obviously pay them.”
TechCrunch reports that the site could be worth $60 million and may try to sell or IPO after the presidential election.
Have you contributed – or tried to contribute – for Huffpost?