Over on FishbowlNY.com, there’s a story about the Huffington Post’s new senior vice president of business development, Derek J. Murphy. He previously worked at CNN Interactive Group developing strategic partnerships for the site.
Murphy becomes the latest hire by an Internet company trying to find a revenue stream. Last week, The Daily Beast tapped former Googler Brian Dick as its vice president of business development. We’ll keep an eye on further developments to see if either of these companies can make money or if they will continue to burn through cash until backers decide to pull the plug.