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Anorak | Listen to Huffington Post editor explain why not paying journalists is ‘authentic’

Listen to Huffington Post editor explain why not paying journalists is ‘authentic’

by | 18th, February 2016

FORTUNE Most Powerful Women Summit - Day 2

 

How does new journalism work? Stephen Hull, editor-in-chief of Huffington Post UK, was talking with Steve Hewlett on Radio 4’s Media Show yesterday. He was asked why the website doesn’t pay for content. His answer is remarkable:

 

 

I’m not getting unpaid workers for a large corporation to suck them dry; I’m keeping you real, man.

What a visionary Hull is. To prove his dedication to a world free of filthy lucre still further, we can expect him to dispense with a salary, and give away the money he’s been paid to write during his time as Head of Content at Metro and with the London Olympics editorial team. He will then become authentic – a real journalist in this brave new age of opportunity.

Note: Hull reminds us that the HuffPost is no longer owned by minted socialite Arianna Huffington. She sold it for £300m. It’s now owned by Verizon, whose market cap stands at $202.5 billion. In March 2014, Bloomberg reported:

Verizon Communications Inc. Chairman and Chief Executive Officer Lowell McAdam received $18.3 million in total compensation last year, a 16 percent increase. McAdam’s base salary was $1.58 million, $100,000 more than in 2013, his cash bonus fell to $3.8 million from $4.13 million, and his stock award jumped 28 percent to $12 million, the company said Monday in a regulatory filing.

But if McAdam were to decided on a new career in journalism at his own organ, surely he’d do it for free. Purity is all at the HuffPost.



Posted: 18th, February 2016 | In: Key Posts, Money, Reviews Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink