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BoomTown Interviews Arianna, Ken and Eric About Huffington Post Exec Changes: BAM!!

Kara Swisher — Tue, 16 Jun 2009 01:18:43 +0000

Apparently, if you want to think about the growth of the Huffington Post as a culinary dish, perhaps today’s replacement of CEO Betsy Morgan with longtime online media powerhouse Eric Hippeau might appear under the Emeril Lagasse cooking cliché: Let’s kick it up a notch!

Both co-founders of the online media site, Arianna Huffington and Kenneth Lerer, said as much in interviews I did with them this afternoon, after news of the change got out–even as they praised Morgan for the strong work she had done in the 18 months she had been in charge.

“The deal is that we simply have been growing so fast that we needed more firepower to accelerate in expanding the site and monetizing it,” said Huffington, who is also editor-in-chief of the Web news site (and pictured above).

“Things are going great, but things could be going even greater,” added Lerer, who is chairman of the Huffington Post, noting that a more experienced exec was needed at this juncture to take the business to the next level.

“Eric is a peer at all the big companies we need to partner and deal with…and right now, while things are difficult in the economy, is the time when you can really build a company and we had to take advantage of that opportunity.”

So, ipso facto, Morgan was out in favor of Hippeau, who was the key player in the $5 million investment in the Huffington Post by SoftBank Capital in 2006.

Hippeau is a director on its small board, which also includes Huffington, Lerer and Oak Investment Partners’ Fred Harman. Morgan will be vacating her board seat.

Oak recently added $25 million to the funding kitty at the Huffington Post, money that Lerer and Huffington said had not been used yet.

But it soon will be, both noted, with the site expanding aggressively into the local arena, investigative news and verticals such as tech.

It is all being done to build on what has been a strong traffic year for the Huffington Post, which claims it has over 21 million unique monthly visitors.

Nielsen Online has pegged that at the lower figure of 8.9 million, but reported that the Huffington Post was one of the fastest-growing, year-over-year news sites.

Despite that, the site still has not been regularly profitable, said Huffington, despite doubling annual revenue–mostly in advertising–to what some estimate to be about $8 million in 2009.

Hippeau (pictured here) has a lot of experience working at a panoply of early online media businesses, including as CEO of Ziff-Davis.

He has also been a longtime Web investor, pushing for SoftBank’s early investment in Yahoo (YHOO), where Hippeau remains a board member.

That should not present a conflict for Yahoo, said Hippeau, which had a short-lived publishing partnership with the Huffington Post.

Hippeau, who has been a managing partner at SoftBank, will become a special partner and adviser to the investment firm. In this capacity, he will continue to work with three start-ups–Buddy Media, BuzzFeed and ThumbPlay.

Hippeau, who is now diving back into an operating role for the first time in almost a decade, said it was hard to pass up the chance to run the New York-based Huffington Post.

“I could not pass such an opportunity, especially with the explosion in the delivery of the news and opinion on the Web,” he said. “This is really the place to build the next really big brand.”

To get to that level, Hippeau said that a lot of things have to happen at the site going forward.

“Clearly we have got to make the revenues commensurate with traffic of the site and size of the opportunity,” he said. “At the same time, we have got to make sure we are very community-focused and using all kinds of new tools to increase engagement.”

Hippeau noted that journalism was changing radically, and “what people want to know is what are people thinking and how can I contribute and we are just at the beginning of this phase.”

Of particular interest to him are real-time data and real-time communications–on sites like Twitter–and the growth of smartphone usage.

“We are getting into a situation in the U.S., where it is so much easier to access all kinds of information and so much more portable,” said Hippeau. “Everyone has talked about convergence for a long time and it is finally here and we are poised to take great advantage of that.”

The moves at the Huffington Post were first reported by paidContent.org.

Huffington appeared onstage at the recent D: All Things Digital conference with Washington Post (WPO) publisher Katharine Weymouth.

Here is a highlights video of the interview I did with them:

[ See post to watch video ]

It's Actually About Figuring Out How to Sell the Sizzle and Not the Steak, Dean

Kara Swisher — Tue, 07 Apr 2009 07:01:59 +0000

BoomTown read a ton of the various columns reacting to the Associated Press’s announcement of a new initiative to–as near as I can tell–stop the Internet from being the Internet.

I tease, as it is clearly a lot more complicated than that. But AP board Chairman and MediaNews group CEO Dean Singleton seemed very exercised about his mission to “protect news content from misappropriation.”

It’s going to surely be an interesting debate, throwing even more light on both the way the Web has impacted media companies, but also just how valuable those companies are (or are not–for an interesting take on that, see this excellent piece by ZDNet blogger Larry Dignan).

The winner for the most curious quote yesterday, though, was from an interview Singleton gave to paidContent.org’s Staci Kramer about new models to come.

Said Singleton: “Print is still the meat. Online’s the salt and pepper.”

I would actually say online is increasingly the sizzle.

But what Singleton left out, especially given the financial trouble his company is currently in, was far more important–it’s the consumer doing the grilling.

Thus, it goes without saying that the meat could be in danger of being a tad well done if media companies are not careful in how they handle this new attack on how those consumers prefer to get their news.

In the meantime, here is a very pertinent–the Internet is good at that stuff–and very funny video of an “eat your steak” commercial:

Kara Visits CTIA Events in San Francisco

Kara Swisher — Tue, 23 Oct 2007 09:04:47 +0000

The annual CTIA conference–CTIA reps the wireless industry–opens today in San Francisco, but the action started last night with some parties.

One was thrown by ContentNext Media, the online news site whose flagship paidContent.org writes all about online media, where I talked to Publisher and Editor Rafat Ali about big trends in cellphones.

He was spot on. It’s mobile search, mobile advertising and mobile–you guessed it–social networking.

All of these trends are still slow coming to the U.S., but not for lack of trying by start-ups (and more because of the innovation-free carriers, according to this most excellent essay by Walt Mossberg posted yesterday). I saw a few interesting products at another event showcasing a variety of mobile-focused companies.

And, of course, I ran right into blogger Robert Scoble, who–as always–had a lot to say. And not always about cellphones (naughty, naughty Scoble!).

Check out the video here:

[ See post to watch video ]