OhMyNews starting to turn profit

Participatory journalism pioneer OhMyNews is starting to turn a profit, a sign that the model may have a future.

According to Jean K. Min, director of international development, OhmyNews is generating almost US$500,000 a month in advertising revenue."We broke even last year and since then kept generating a monthly profit of about $27,000," he said in an online interview with Asia Times Online.

The site employs 38 full-time reporters and editors and uses 32,000 paid "citizen reporters," who get between $5 and $20 an article, depending on where an article is played.

Related:
OhMyNews gets the facts right
New form of journalism in S. Korea
Online Newspaper Shakes Up Korean Politics

Nov 30, 2004 | E-MAIL | SAVE | PRINT | PERMALINK | DISCUSS(1)

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1 comments about 'OhMyNews starting to turn profit'

tested

Posted by rajender at May 10, 2007 2:12 AM

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1 Weblogs reference 'OhMyNews starting to turn profit'

Dialog on Socratic Media
Trackback excerpt:   Lots of good stuff floating around the issue of collaborative editing, which I wrote about yesterday.... Steve Outing has a long and thoughtful piece at Editor & Publisher on the various civic journalist projects going on in newspapers. I... [Read More]

Posted on RatcliffeBlog—Mitch's Open Notebook at December 1, 2004 4:42 PM

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