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November 2, 2006

BusinessWeek column head and subhead read:

OhmyNews' Oh My Biz Problem: The Korean site for citizen reporting hasn't had much success so far with its moves into other markets-and it's in the red at home

Story adds:

OhmyNews has ... become one of Korea's most influential media outlets. However, the site continues to look for a profitable business model and is expected to lose money in 2006. This comes after a several years of very modest profits. OhmyNews, set up in 2000, now has about 90 full-time staffers-65 of them journalists-and some 44,000 citizen contributors. Together, they produce around 150 articles a day. This year, it expects revenues of about $6 million, 60% of which come from online ads and the rest from the sale of the company's news product to Internet portals, and from miscellaneous services.


Originally from PJNet Today, remediated by yatta on Nov 2, 2006 at 12:10 PM


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