OhmyNews Profitable

The much-written about collaborative Korean news site OhmyNews gets written about in Newsweek, this time by Christopher Schroeder, the former head of WaPo Online and the current VP for strategy at the parent Washington Post Company…

OhmyNews reached profitability last fall, driven primarily by advertising (ranging from small merchants to Samsung) with additional revenue from conferences, content licenses and voluntary donations from users. Although ad revenue is expected to grow 50 percent this year, Oh suspects that remaining profitable will remain a challenge.

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