AOL To Buy Huffington Post For $315 million

huffington-span-600

“The Huffington Post has already been growing at a prodigious rate. But my New Year’s
resolution for 2011 was to take HuffPost to the next level — not just incrementally,
but exponentially,” Arianna Huffington wrote of the deal.

Online company AOL Inc. is buying online news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news.

The deal announced early Monday puts a high-profile exclamation point on a series of acquisitions and strategic moves engineered by AOL CEO Tim Armstrong in an effort to reshape a struggling Internet icon. AOL was once the king of dial-up online access known for its ubiquitous CD-ROMs and “You’ve got mail” greeting in its inboxes.

Perhaps just as important as picking up a news site that ranks as one of the top 10 current events and global news destinations, AOL will be adding Huffington Post co-founder and media star Arianna Huffington to its management team as part of the deal…

Continue reading… “AOL To Buy Huffington Post For $315 million”

0

Desperately clinging to the past, Newspapers struggle to preserve their legacy

Desperately clinging to the past, Newspapers struggle to preserve their legacy

Newspapers struggle to preserve their legacy

Raymond Alvarez:  The White House says there will be no bailout for newspapers.

The media has languished in the grips of depression for 15 years, shedding jobs, and losing ad dollars and subscribers. Indeed, print publishers lately are showing themselves to be yet another example of an old line business that won’t survive.

Continue reading… “Desperately clinging to the past, Newspapers struggle to preserve their legacy”

0