AOL agrees to buy Huffington Post

February 7, 2011

(ChattahBox News) – Online company AOL, which separated from Time Warner in 2009, is buying internet newspaper Huffington Post, for $315m, with $300m of the purchase price in cash. Founded in 2005, Huffington Post is owned by Arianna Huffington, Kenneth Lerer and a group of other investors. Huffington Post co-founder Arianna Huffington will be named president and editor-in-chief of The Huffington Post Media Group, and placed in charge of all AOL content, including Engadget, TechCrunch, MapQuest, MovieFone, and Patch.  Tim Armstrong, the AOL chief executive, said in a statement announcing the deal on Monday, the deal “will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers,”


Comments

One Response to “AOL agrees to buy Huffington Post”

  1. laws about divorce on February 7th, 2011 10:09 pm

    The main thing that I want to know is, when they say that Arianna will become the editor of AOL media, meaning that she will retain editorial control of HP, is that a lifelong appointmen
    ­t; will she get to choose her successor? As long as she remains in control of the Post, to me it retains its integrity. If the AOL honchos ever take control of the content on HP, then it will just be another part of the MSM.

    As far as the “red tide,” I don’t necessaril­y see it as a bad thing to bring together people of widely differing opinions on one site. The problems could come if there are discussion­s that are specifical­ly relevant to one group of people, and trolls start coming in and disrupting it. I hope that there will be (or already is) some method of preventing that, so that, basically, if people in the same general camp are attempting to debate the subtleties of an issue, they won’t be interrupte­d by people trashing their entire political philosophy­.

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