MinnPost | |
December 2009Tax Status: 501(c)(3) Budget: $1,100,000 Revenue Strategies: Events, Advertising, Sponsorship, Members/Individual donors, Consulting Other Support: Grant, Pro-bono services Administrative Staff: 6 Editorial Staff: 6 Market Size: 2,750,000 Monthly Visitors: 200,000 |
Other Support: Grant, Pro-bono services Long-term plan is to cover costs from revenue strategies and only seek grants for new project ideas and innovation.
Administrative Staff: 6 paid, 0 volunteer In addition to two non-compensated co-founders, MinnPost employs 4 full-time equivalent administrators that cover advertising sales, accounting, office management and I.T.
Editorial Staff: 6 paid, 0 volunteer, 17 freelance Three full-time equivalent editors, three full-time equivalent staff writers and 5 full-time equivalent contract writers along with more than a dozen freelancers who contribute on a per-article basis.
Competitive Environment: Very Competitive Two major newspapers, a strong public broadcast organization and independent publishers that have all effectively moved to the online market.
Partnerships: Content, Informal MinnPost has a variety of content partnerships, like one with public television. It also uses a national advertising network though it mostly sells local advertising.
Monthly Visitors: 200,000 Focus is less on unique monthly visitors but on converting the site’s more than 40,000 return visitors into donating members.
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June 2007Tax Status: 501(c)(3) Budget: $1,400,000 Revenue Strategies: Sponsorship, Members/Individual donors Other Support: Grant, Major donor Administrative Staff: 0 Editorial Staff: 0 Market Size: 2,750,000 Monthly Visitors: 65,000 |
Budget: $1,400,000 MinnPost’s budget was high at launch before it settled down through cuts in its freelance budget and an increase in editorial staff.
Other Support: Grant, Major donor Had one-time startup donations from five individuals and a major grant.
Editorial Staff: 0 paid, 0 volunteer, 0 freelance Freelance budget was high in 2007, but executives found that staff and contract work is more efficient.
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