The other partner to this dubious arrangement is the Huffington Post, which is a new-media marvel of ingenuity, combining a mastery of editing geared to game the search engines that stimulate Web traffic and overhead that would shame an antebellum plantation. The bulk of the site’s content is provided by commentators, who work for nothing other than the opportunity to champion causes or ideas to which they’re devoted. Most of the rest of the content is “aggregated” — which is to say stolen — from the newspapers and television networks that pay journalists to gather and edit the news.
The Huffington Post is a brilliantly packaged product with a particular flair for addressing the cultural and entertainment tastes of its overwhelmingly liberal audience. To grasp its business model, though, you need to picture a galley rowed by slaves and commanded by pirates. Given the fact that its founder, Huffington, reportedly will walk away from this acquisition with a personal profit of as much as $100 million, it makes all the Post’s raging against Wall Street plutocrats, crony capitalism and the Bush and Obama administrations’ insensitivities to the middle class and the unemployed a bit much.