Saturday, January 11, 2014

Another Media Platform for the World's Rich and Powerful?

As Arianna Huffington teams up with billionaire Nicolas Berggruen in new venture, critics charge, 'The 1% are about to get their own publication'

Sarah Lazare
(Photo: Reuters)
Arianna Huffington at the Time 100 Gala in New York in 2012. Are the world's rich and powerful getting yet another international media platform?
Online media tycoon Arianna Huffington and billionaire Nicolas Berggruen announced Thursday they are combining forces in a 50/50 launch of The World Post — an international news website that will replace the World section of The Huffington Post, in addition to a stand-alone online presence and syndication to print publications around the world.

The editorial board includes a roster of billionaires, such as Eric Schmidt, the executive chairman of Google; Pierre Omidyar, the founder and chairman of eBay; and Walter Isaacson, the chief executive of the Aspen Institute. Former British prime minister Tony Blair and Microsoft’s Bill Gates, as well as advisers to the billionaire's think tank — the Berggruen Institute—will be numbered among the publication's contributors, The Guardian reports.

The site will officially launch at the World Economic Forum in Davos, Switzerland later in January—an annual gathering of the world's most rich and powerful people.

The announcement immediately kicked up a firestorm of criticism.

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