Online daily newspaper network expanding to 2,000 papers across North American by 2017. End game: sell like Huffington Post.
The value is in the network. Beacon News (BN) is building a network of 2,000 online daily newspapers across Canada and the United States, creating a very powerful media marketing platform 2.5 x larger than Yahoo News (#1 online news site). If each Beacon generates a gross profit of $50,000/year, Beacon News will generate $100 million annually. BN has proven it can generate readers. It has developed a robust revenue model. The endgame is to sell.