As much as I hate what the USA stands for regarding control and domination of practically all spheres of life and death, I check the HuffPo most days, it’s like keeping an eye on what the bastards are up to now. Naturally it’s also an opportunity to see how and what the ‘progressive’ movement is going about what they do – yes, I do realize that it does not represent or cover all within that maybe ‘coded’ word that is ‘progressive’, however you get my point?
So, with this recent deal with AOL, something ain’t right. Huffington Post, for as much as it portrays itself as being ethically centered, a counter to the intelligent-comical-dangerous-right wing hawks that should not be really-taken-seriously-but-have-the-power-to-be-in-yer-face clique, have gone into a deal that could personally benefit the face of the Huff Post, somewhere in the region of one hundred million dollars. What about all the journalists/bloggers that have provided free ‘content’ for the website. I don’t know what, maybe Andriana Huffington has plans for all to receive financial compensation for past and future contributions to the site, go on Adriana, surprise some of us.
Tim Rutten penned a piece for the LA Times on the AOL/Huffington Post merger/take-out…takeover and yes, he was paid –
Here is a quote from a memo by AOL Chief Executive Officer Tim Armstrong on where his company’s journalism is going. It’s fairly chilling reading, ordering the company’s editors to evaluate all future stories on the basis of “traffic potential, revenue potential, edit quality and turnaround time.” All stories, it stressed, are to be evaluated according to their “profitability consideration.” All AOL’s journalistic employees will be required to produce “five to 10 stories per day.”
The bulk of the site’s content is provided by commentators, who work for nothing other than the opportunity to champion causes or ideas to which they’re devoted. Most of the rest of the content is “aggregated” — which is to say stolen — from the newspapers and televisions networks that pay journalists to gather and edit the news.
The Huffington Post is a brilliantly packaged product with a particular flair for addressing the cultural and entertainment tastes of its overwhelmingly liberal audience. To grasp its business model, though, you need to picture a galley rowed by slaves and commanded by pirates. Given the fact that its founder, Huffington, reportedly will walk away from this acquisition with a personal profit of as much as $100 million, it makes all the Post’s raging against Wall Street plutocrats, crony capitalism and the Bush and Obama administrations’ insensitivities to the middle class and the unemployed a bit much.
More on this story here
Via Mark Engler