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