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Do Profits Matter in Digital Journalism?

Do Profits Matter in Digital Journalism?

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Erich J. Prince

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News on the Record
3 22

Dennis K. Berman, the then-business editor at The Wall Street Journal, questioned The Huffington Post's bandied-about valuation of $1 billion in June of 2015.  It seemed curious in Berman's view for a company that had so consistently failed to generate a profit to make it to the tenth digit when the valuation discussions began.  With 214 million monthly readers at the time and around $168 million revenue, The Huffington Post was clearly doing many things well.  There are few places that boast that degree of traffic.  But for some reason, profits were nowhere to be found.  And that becomes all the more mysterious, in the case of The Huffington Post, when it's the publication that so many of America's old-school newspaper columnists curse to the high heavens, claiming that Arianna Huffington destroyed their profession by doing something quite shocking, at least at the time: getting people to write for free.

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Erich J. Prince

Erich J. Prince writes the "News On-the-Record" column at MediaVillage. Erich co-founded the online political magazine Merion West, where he serves as editor-in-chief. In addition to being an opinion contributor at The Hill, he writes occasionally … read more

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Home The People
The People

MediaVillage “The People” is where the advertising and media community comes to life. Explore the stories, beliefs, commitments, and passions that inspire and motivate the diverse people who work day-to-day advancing their personal growth and business success. Follow “The People” columnists and hosts to discover your community and connect with your people. Follow our social network @AdvDiversity

See All Channels
Advancing Diversity
Go to page
#Ask-GenZ
Go to page
Future of Men
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MediaVillage “The Business” is the industry Knowledge Exchange, where leaders share intelligence, insights, stories and experiences in a trusted journalistic environment. Search “The Business” at MeetingPrep.com for free on-demand access to professional learning. Scroll down to visit each dedicated B2B library where the industry’s knowledge is archived. Follow our social network @MediaVillageCom

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MediaVillage “The Thought Leaders” is our open conversational marketplace where we welcome informed ideas, opinions, perspectives, and challenges to the status quo. Search MeetingPrep.com for topics that are relevant to you and submit your thought leadership commentaries and comments to info@mediavillage.com. Follow our social network @JackMyersBiz

See All Channels
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Auto InSites Village
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In the National Interest
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News on the Record
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The Cog Blog
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Thought Leaders
Go to page
Tomorrow Will Be Televised
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View from the Grandstand
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The Programming
The Programming

At MediaVillage “The Programming” we go behind the scenes with the talent in front of and behind the camera and microphone. Content is at the heart of the media and advertising business. Our columnists, critics and hosts take you behind the scenes in Hollywood, Bollywood, Brooklyn and Queens, YouTube, TikTok, the metaverse and everywhere content is created. Follow our social network @TVVideoDownload

See All Channels
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