BUCK$ FOR BLOG: SOFTBANK PUTS $5M IN HUFF POST By TIM ARANGO - New York Post Online Edition: Business August 7, 2006 -- A group led by venture capital firm Softbank is investing $5 million in the Huffington Post, an online news site and political blog owned by the pundit Arianna Huffington, The Post has learned.
In addition to Softbank, venture capitalist Alan Patricof is also investing in the site, as well as some of the initial investors. Huffington and former Time Warner executive Ken Lerer founded the site.
The investment comes amid a surge in interest in content on the Internet among big media firms. Venture capital firms, meanwhile, have typically focused on technology companies but now are increasingly looking at investing in Internet content.
Monday, August 07, 2006
BUCK$ FOR BLOG: SOFTBANK PUTS $5M IN HUFF POST By TIM ARANGO - New York Post Online Edition: Business
Content is king, so the saying goes. Here in Pittsburgh, our old-style of operations said that coal is king. Coal, as in other carbon-based products.