Although World Post is being touted as the website that billionaires will patronize, I have a feeling that unless it’s made as exclusive (as in keeping the 99% out) as powerbroker meetings like the World Economic Forum in Davos where it will officially launch, then it may not actually be intended for the so-called one percent. From The Guardian:
The 1% are about to get their own publication. The digital media titan Arianna Huffington and the billionaire investor Nicolas Berggruen on Wednesday announced the launch of World Post, a comment and news website that looks set to become a platform for some of the most powerful people on the planet.
Inevitably, the World Post will be launched at the World Economic Forum in Davos, Switzerland, this month. Many of its contributors including former British prime minister Tony Blair, Microsoft’s Bill Gates and Google’s Eric Schmidt are regulars at the annual jamboree for the world’s most connected people. Many are also advisers to the Berggruen Institute, the billionaire investor’s nonpartisan policy think tank.
Berggruen, known as the “homeless billionaire” because he prefers living in hotels to owning houses, said the 50/50 venture with Huffington Post owner AOL would not just be a platform for the world’s elite. “You have to start somewhere,” he said. “A lot of these people are knowledgable. On the other hand you will see a lot of unknown voices, young voices and from places that are not that obvious.”
Huffington said: “You can have all those heads of state and major business people, etcetera etcetera, writing right next to an unemployed man from Spain, a student from Brazil. The great heart of HuffPo is no hierarchy.”
The site will have its own stand-alone presence but will also replace the Huffington Post’s current world section. The Huffington Post will run the advertising side of the business and will also organise conferences and sponsored sections. Neither side will comment on how much funding has been put into the business.
Berggruen said World Post would be run for profit. “I think that’s healthy,” he said. “But if we were going to make an investment in the most exciting areas to make an investment, it probably wouldn’t be this. If it doesn’t make money, we will still support it,” he said. “We’re not in it just to make money…
[continues at The Guardian]