The blogs of profitability - Huffington Post turns a profit

The Huffington Post has achieved what few blogs have to date and turned a profit on the back of its formula of heated political discussion and a heavy sprinkling of celebrity news.

The Huffington Post: blog site turns a profit
The Huffington Post: blog site turns a profit

According to a piece on the Forbes website the Huffington Post turned a profit in the second quarter and will "generate around $30m in 2010". It is hoping to double that in 2011.

Greg Coleman, president and chief revenue officer, and Eric Hippeau, CEO at the Huffington Post said the site became "profitable in the second quarter as traffic increased more than 80% in the last 12 months".

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