Former Yahoo and AOL Ad Exec Coleman Poised to Join the Huffington Post as President

In the ongoing game of Internet exec musical chairs, Greg Coleman, who has been a top exec at both Yahoo and AOL, is poised to become president of the Huffington Post, as well as chief revenue officer, several sources said. The deal for Coleman to come on board at the privately held online news site–which has grown significantly over the last year and just added well-known online media exec Eric Hippeau as CEO–came together only recently.

BoomTown Interviews Arianna, Ken and Eric About Huffington Post Exec Changes: BAM!!

Apparently, if you want to think about the growth of the Huffington Post as a culinary dish, perhaps today’s replacement of CEO Betsy Morgan with longtime online media powerhouse Eric Hippeau might appear under the Emeril Lagasse cooking cliché: Let’s kick it up a notch! Both co-founders of the online media site, Arianna Huffington and Kenneth Lerer, said as much in interviews I did with them–as well as Hippeau–this afternoon. “The deal is that we simply have been growing so fast that we needed more firepower to accelerate in expanding the site and monetizing it,” said Huffington, who is also editor-in-chief of the news site.
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Here's the Official HuffPost $25 Million Funding Press Release

Here’s the official press release from the popular news and blogging site, The Huffington Post, which announced $25 million in funding from Oak Investment Partners this morning. Sources told BoomTown the investment gives the site, which had 4.5 million unique visitors in September, a quadrupling from a year ago, a valuation of “south of $100 million.”

Huffington Post Nabs $25 Million in Funding–Here's a BoomTown Interview With Oak Investment's Fred Harman

The Huffington Post, co-founded by Arianna Huffington, will announce this morning that it has raised $25 million, in a single investment from Oak Investment Partners. The large round, which was led by Palo Alto, Calif.-based venture capitalist Fred Harman, will give the popular online news and blogging site a valuation of “just south of $100 million,” a source said. The new funding, the Huffington Post’s third, will be used for expansion of its offerings and the hiring of editorial and business talent. “I think the post-election perception of the Huffington Post has changed in the eyes of advertisers to being a key mainstream news site,” said Harman in an interview with BoomTown last night.