Conde Nast's Reddit asks readers for help

Jul 12, 2010

(AP) -- Though it's owned by deep-pocketed media company Conde Nast, Reddit needs money, and it's turning to its loyal audience for help.

Reddit, which Conde Nast's Wired Digital bought in 2006, lets readers post links to articles, blogs, photos and other . They can then click on arrows to push the links up and down the site's rankings.

Reddit needs to buy more and to hire a developer and a full-time Web designer. It says it won't get that money from Conde Nast because the site doesn't bring in enough ad revenue.

In a blog post, Reddit's Mike Schiraldi writes that the site's four engineers - which include himself - work full time and on many evenings and weekends "just to keep things going."

Explore further: Microsoft challenging US on overseas data

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Web site runs elaborate Secret Santa gift exchange

Dec 17, 2009

(AP) -- 'Tis the season for heart-melting tales of spontaneous good will among strangers, which, like the rest of our relationships, has gotten a lot more convenient since the advent of the Internet.

Major layoffs loom at Time Inc.: reports

Oct 30, 2009

Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

Publishers see signs the iPad can restore ad money

Jun 03, 2010

(AP) -- Good news for the news business: Companies are paying newspapers and magazines up to five times as much to place ads in their iPad applications as what similar advertising costs on regular websites.

Recommended for you

Microsoft challenging US on overseas data

1 hour ago

In a case closely watched by the tech sector, Microsoft will challenge Thursday a US court order requiring it to give prosecutors electronic mail content associated with an overseas server.

Teens love vacation selfies; adults, not so much

14 hours ago

(AP)—Jacquie Whitt's trip to the Galapagos with a group of teenagers was memorable not just for the scenery and wildlife, but also for the way the kids preserved their memories. It was, said Whitt, a "selfie ...

US spy agency patents car seat for kids

17 hours ago

Electronic eavesdropping is the National Security Agency's forte, but it seems it also has a special interest in children's car seats, Foreign Policy magazine reported Wednesday.

Country Web domains can't be seized

19 hours ago

The Internet's regulatory authority said Wednesday that country-specific Web domains cannot be seized in court proceedings, as it sought to quash an effort to recover assets in terrorism-related lawsuits.

User comments : 0