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The cycle of print media is accelerating downward and there are not as many companies with a balance sheet and focus to do it right online,” said Harman, who will join the Huffington Post’s board. “The news market is really up for grabs in a lot of ways…and it is a good time for those who are viewed as authoritative.
The Huffington Post will announce this morning that it has raised $25 million, in a single investment from Oak Investment Partners.
The new funding, the Huffington Post’s third, will be used for expansion of its offerings and the hiring of editorial and business talent.