Categories: OLD Media Moves

Some Seeking Alpha contributors making “serious money”

The Seeking Alpha premium program, in which the financial news site is sharing revenue with it contributors on exclusive articles, has been an unexpected success, writes CEO David Jackson in a e-mail to its contributors on Wednesday.

The site, according to Jackson’s e-mail, published 8,650 new premium articles in the third quarter. Its contributors earned $486,000 during the quarter, with new articles earning on average $55.49 each. The contributors are now on track to earn almost $2 million this year from Seeking Alpha.

“There’s a wide variance of earnings: for some contributors, the payments are just a ‘nice have,’ while others are making serious money,” wrote Jackson.

The site now has more than 850,000 registered users and reported nearly 60,000 reader comments in October.

Its other October stats were as follows: 61 million page views, 6.9 million people, and 8.8 page views per unique visitor.

“Seeking Alpha’s traffic spiked in August & September as macro upheavals drove interest in finance, and settled in October, but at a level higher than before the surge,” wrote Jackson. “We’ve seen this before: when traffic spikes, many people who discover Seeking Alpha for the first time return to us as loyal readers.”

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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