Andy Vogel points us to news that the Huffington Post political news site may already be worth $200m – a lot more than some major US newspapers. Vogel says that the newspaper industry should see the success of the three year old site as a glimmer of hope.
Meanwhile the New York Times has a piece that compares and contrasts the Huffpo with the latest news player The Daily Beast from Tina Brown. The paper says:
Ms. Brown’s site is profoundly different from The Huffington Post in ways that will help determine which one will survive. Those differences in some ways are reflections of their two personal styles — aristocratic and populist.
Ms. Huffington has thousands of raucous voices on her site, many of them emanating from her high-profile friends, as well as large-scale aggregation of news from around the Web. Ms. Brown’s formula is more like that of a magazine — rather than compile mounds of material and offer a platform to almost anyone with a laptop, she chooses what she likes.
“The crucial distinction is that Tina Brown is holding on to this idea that a particular filter matters more than another filter,” said Michael Hirschorn, a former top executive at VH1 who is now a partner in Ish Entertainment, a production company, and a media columnist at The Atlantic. As for Ms. Huffington, he said: “The key thing she did was come up with an alternative to Drudge.”
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