Posted on 06/17/2009 2:33:41 PM PDT by Entrepreneur
Very good considering the two in front are commercial sites.....
"It's essentially that the venture capitalists have taken over," said one inside source. "The financial guys have said we can get better talent than you have."
While Greek-born and aristocratic- sounding Arianna Huffington is the face of the four-year old site she founded and sits on the board of directors as editor-in-chief, she long ago ceded the CEO job to her business partners.
At the time of the departure, the company insisted that everything was going along swimmingly, that page views were up six-fold in her tenure and ad revenue had doubled.
On Thursday, on Hippeau's first full day on the job, he told The Post, "Clearly our advertising has to catch up with our traffic. There is a disparity that we have to fix."
The percentage increase masked the fact that HuffPo, as it is known, despite the enormous amount of publicity its founder generates, is still a relatively small business. Its revenue is not disclosed, but it is estimated by various sources to be in the $20 million range.
The company claims to have 22 million unique visitors a month but ComScore, which tracks the industry had them at 5.3 million unique visitors in May, up by 106 percent from a year ago.
With 61 employees, HuffPo is less the media juggernaut its buzz would suggest and more like your neighborhood retailer. In fact, East Side watering hole P.J. Clarke's has about the same size payroll.
Also, there is interesting free site Quantcast, seems it's tracking close to Hitwise for its "quantified" sites, but drops numbers dramatically for sites that are not "quantified". You might want to check it out and see if it's useful.
Some "quantified" and "not quantified" sites :
HuffPo ... Politico ... Infowars ... RealClearPolitics
Just now seeing this. Glad to hear it.
{FR is #1 to me.}
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Banned
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