Monday, April 27, 2009

What to do with that buyout: Start a competing website

A poster provided this link to an Editor and Publisher article about an online news service started by some Star-Ledger refugees.

A few of my buyout buddies will attest that there was some preliminary attempts to do a Flint online news service made up of Journal refugees, but none of use could figure out how it could make money.

Unless, like the Star-Ledger folks, you are willing to work for free starting up another website is not a profitable venture, at least at this point.

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