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.
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Posted by rajender at May 10, 2007 2:12 AM
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TrackBack URL: http://www.cyberjournalist.net/cgi-bin/mt-tab.cgi/3891 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]
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