While many traditional media companies, particularly newspapers, are struggling to stay afloat, some of their online counterparts are thriving. Political blog
HuffingtonPost.com Inc. on Monday said it has raised $25 million in Series C funding from Oak Investment Partners. The company is believed to be
valued at more than $100 million, according to PaidContent.org.
The company said funding would be used to invest in the growth of the company, including its technology and infrastructure, in-house advertising and expansion of its content offerings. It also plans to make some "select and focused acquisitions."
Readership of the left-leaning media outlet was buoyed by the tightly contested presidential election, as more people went online to get the latest updates. But with the election now over and with its new funding, pressure will be on the company to maintain its momentum. --
David ShabelmanSee Dec. 1 post from paidContent.org
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