The Huffington Post hired CBSNews.com’s general manager Betsy Morgan as its new CEO. Current CEO Kenneth Lerer moves up to chairman. All the pieces are falling into place just in time for election season.
This should be fun to watch.
Can you say IPO?
Why would they IPO? They’re not even worth that much… I mean when Facebook (!) is not sure if it’ll IPO in the near future or not, what possible reason would HuffPo have?
This isn’t 10 years ago where every shoddy internet company could IPO. Wall Street won’t be so kind this time around with companies that have little to no profits.
Erick
Where do you get these revelations from? IPO? Just because a still money losing pure content company gets a new CEO? Thanks for bringing this great analytical mind to bear on TechCrunch.
IPO? On 1.5M/year in revenue? Wow.
Why would you say IPO ?
CBS - Crappy B.S.
Just in time for the elections?
As usual they will be fair and balanced.
Do you mean IPEO?
Follow the links, my friends, and all will be made clear.
IPEO = Initial Public Equity Offering
ipo? if the public gets hurt then we will see 2nd dot com bust.
I think the new policy of using pictures of the tech executives is pretty scary and not good at all. Can we stick to logos please? I don’t want to think of these people as actual humans - I want to think of them as superheroes, ok? These people aren’t cute, and it makes me not like them. Because I myself am gorgeous. My startup company sucks and everything, but I’m still cute. I am my own logo.
Umm yea… I did Erick. IPO because Wall St. analyst says the company is worth 60 million dollars? Are you kidding? YouTube got bought for 1.6 billion and everyone would’ve laughed their ass off if they even uttered the word IPO. HuffPo is going to get snatched by a media corp and thats that.
If the IPO thing was a joke… try harder please.
This could also be relevant to the Rather lawsuit.
It’s quite possible that we might see several top CBS officials jumping from the Viacom ship as court dates near.
You know, that way truthiness under oath doesn’t effect current job titles.
As for valuation estimates… It would be helpful if you (Erick) or Michael were to provide some sort of valuation calculator based on the current financial landscape. If there is something like this live already; please provide a link!
Good thing she got out before I cleaned house at CBS.
Follow the links to what? This is a Web 2.0 joke. TC has really gone downhill!
They raised $5M, so they must be worth $100M and therefore they must be on the IPO trail? Wow. I don’t know quite what to say, except…
I have a company to sell you. Seriously. It’s worth a lot.
No magic, No must have information, Fringe audience, if still around Jan 2009 it will be still struggling and burning cash.
I love how the other TechCrunch post uses Geni’s $100 million valuation as a reasonable point of comparison. Geni’s round was only the most overpriced VC round in the history of ever.
She’s actually kinda hot. Nice.