HuffPo should only cost $25 Bucks to Run, Why Do They Need $25 Million?

All overhead? I mean, they’re just linking to exisiting stories (like us). I mean, I love HuffPo and Arianna, but really WTF? 25 million exactly for what — executive salaries? Offices? They need to get more nimble, leaner — otherwise they will not last. Matt Drudge is a supergenius.

The Huffington Post, a leading news and opinion site, today announced that it has secured $25 million in funding from Oak Investment Partners, a venture capital firm based in Palo Alto, California. The Huffington Post (”HuffPost”) will use the proceeds to invest in the growth of the company and for select and focused acquisitions. The company said it would invest in its technology and infrastructure, increase its in-house advertising capabilities, and continue to expand its content offerings–including a new investigative journalism initiative and a rollout of local versions of The Huffington Post in select cities. The announcement was made by Arianna Huffington and Kenneth Lerer, co-founders of The Huffington Post.

- from Techcrunch

Flashback: A Tribute to Carol Anne Burger

Since this tribute was written, the authorities have determined that Carol Anne Burger, one of OffTheBus’ volunteer citizen journalists, murdered her former partner, Jessica Kalish, and then killed herself. It goes without saying that this is a tragedy for both the Kalish and Burger families, and all who knew them. Our thoughts go out to them. For more on this tragic story, click here.