Monday, December 01, 2008

Huffington Post Closes $25 Million Round

The Huffington Post, the worlds No1 blog site, has just closed a $25 Million Series C round of financing which apparently values the worlds leading blog site at around $100 Million. They want to use the cash to expand beyond politics, including sports and a new world page. Der, covering world news.

Top blogs are hot. TechCrunch now has more then 1 million techo's reading it every day. So get scribbling - maybe your blog could be worth a buck or two when the worlds stopped feeling all depressed with itself. Burn that midnight oil.

Feels to me like leading blogs could go the way of CNET - maybe even getting snapped up by the likes of NBC for a couple of billion in another 5 years. I mean traditional media juggernauts have done dumber things. Right?

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