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AOL buys Huffington Post
https://gladerebooted.net/viewtopic.php?f=24&t=5443
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Author:  Dash [ Tue Feb 08, 2011 11:27 am ]
Post subject:  AOL buys Huffington Post

...for 315 million. Nice haul. Comments there should get really interesting now.

http://www.cnn.com/2011/BUSINESS/02/07/ ... index.html

Quote:
(CNN) -- AOL has agreed to purchase The Huffington Post for $315 million, the two entities announced in a joint news release Monday.

"As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content," the statement said.

The new group will have a combined 117 million unique visitors a month in the United States and 270 million around the world, according to the release, which cited December 2010 data from the marketing research company comScore.

"Our readers will still be able to come to the Huffington Post at the same URL, and find all the same content they've grown to love, plus a lot more -- more local, more tech, more entertainment, more finance, and lots more video," Huffington said in the statement.

The boards of directors of each company and shareholders of The Huffington Post have approved the transaction, but the proposed transaction is subject to customary closing conditions, including receipt of government approvals, the two groups said.

The transaction is expected to close in the late first- or early second-quarter of this year, according to the statement.

Author:  Kaffis Mark V [ Tue Feb 08, 2011 11:35 am ]
Post subject: 

Hmm. Will it lose all its readership now that it's become a corporate shill?

Author:  Rorinthas [ Tue Feb 08, 2011 11:38 am ]
Post subject: 

Too late?

Honestly prior to this I was unaware that AOL had a proprietary news department anymore.

Author:  Lex Luthor [ Tue Feb 08, 2011 8:10 pm ]
Post subject: 

I wonder how many dial-up minutes this sale is equivalent to.

Author:  Lenas [ Tue Feb 08, 2011 9:26 pm ]
Post subject:  Re:

Rorinthas wrote:
Too late?

Honestly prior to this I was unaware that AOL had a proprietary news department anymore.


Really? In 2005, AOL spent $25 million acquiring Weblogs, Inc. which gave them ownership of popular websites such as Engadget, Autoblog, Joystiq, TUAW and about 85 others.

Author:  Rorinthas [ Tue Feb 08, 2011 9:53 pm ]
Post subject: 

I was unaware

Author:  Micheal [ Tue Feb 08, 2011 10:26 pm ]
Post subject: 

Why hasn't AOL died yet?

Author:  Lenas [ Tue Feb 08, 2011 10:31 pm ]
Post subject: 

See above Mike. They've shifted focus.

Author:  Lex Luthor [ Tue Feb 08, 2011 11:18 pm ]
Post subject:  Re:

Micheal wrote:
Why hasn't AOL died yet?


I think it's because their corporate executives are just somewhat incompetent and not 100% incompetent.

Author:  Hopwin [ Wed Feb 09, 2011 7:48 am ]
Post subject:  Re:

Micheal wrote:
Why hasn't AOL died yet?

Old people love them some AOL.

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