07/23/2009 05:12 am ET Updated Dec 06, 2017

With $25 Million in the Bank, Huffington Looks to Local Expansion

Today in New York, the Huffington Post launches its New York local site. This is part of big roll out of local and "hyper local" sites planned, says Arianna Huffington in this video interview with Kara Swisher.

She tells Kara that the $25 million venture investment from Oak has been untouched and will be used for expansion and local will be a big part. She says that this will be a big part of the mandate of the new CEO Eric Hippeau.

You can find my post on Beet.TV Find coverage of this story on Techmeme.