Huffington Post worth $200 million - Philly Inquirer worth a lot less
28 October 2008This report (News Goes from Bad to Worse for Newspapers) on Seeking Alpha points out a few of the recent development in newspaper stocks. It does not mention the default status of loans to both the Minneapolis Star Tribune and Philadelphia Newspapers.
It also cites a recent Forrester Report on consumer media habits.
Data from Forrester’s survey show that:
- Consumers rely on local newspapers and TV for local news — but not their Web sites.
- The local news allegiance stops at traditional channels: Just 39% of US online consumers visit their local newspaper’s Web site and only 31% visit their local TV station’s Web site for local news.
- Online portals beat newspaper Web sites in every news category except local.
A glimmer for hope for newspaper style journalism may be found in the success of The Huffington Post, now believed to be worth $200 million or so. The New York Times offers a comparison of Arianna’s Huffington’s “raucous” celebrity-drenched “Internet newspaper” with Tina Brown’s more online-magazine-like new entry, The Daily Beast.
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2 Responses to “Huffington Post worth $200 million - Philly Inquirer worth a lot less”
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October 29th, 2008 at 1:53 pm
[…] Andy Vogel points us to news that the Huffington Post political news site may already be worth $200 - 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. […]
October 30th, 2008 at 6:26 am
[…] Ich habe gestern ja kurz die “Blogzeitung” Huffington Post vorgestellt, gegründet von Ariana Huffington 200 Millionen Dollar (oben im Video zu sehen). Der Wert dieses Blogs, der gerade einmal drei Jahre alt ist, wird mittlerweile auf rund geschätzt, das ist mehr, als manche große US-Zeitung wert ist! Das ruft natürlich Nachahmer auf den Plan, zum Beispiel The Daily Beast, die optisch ein wenig an unsere Boulevardblätter erinnert. […]