Huffington Post, move over…
…and make space for Bacon Today!
Wonder how long before it gets referenced on the Simpsons?
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HuffPo recently pulled in more venture cap funding, giving it a valuation of about $100 million. Not at all bad, considering NewsCorp, with its currently $17-billion market cap, just lost $6 billion, and the New York Times is valued at a gaunt $700 million.
With its all-web format, I think the HuffPo stands to be a huge winner in the new news era. It’s like WalMart competing against mom-and-pop shops — they have an inherent, substantial cost structure advantage. And heck, I’d write for them if I could!