The Glade 4.0

"Turn the lights down, the party just got wilder."
It is currently Sat Feb 16, 2019 10:22 am

All times are UTC - 6 hours [ DST ]




Post new topic Reply to topic  [ 10 posts ] 
Author Message
 Post subject: AOL buys Huffington Post
PostPosted: Tue Feb 08, 2011 11:27 am 
Offline
Site Admin

Joined: Mon Jun 01, 2009 7:54 am
Posts: 2367
...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.

_________________
“Strong people are harder to kill than weak people, and more useful in general”. - Mark Rippetoe


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 11:35 am 
Offline
User avatar

Joined: Wed Sep 02, 2009 7:59 pm
Posts: 9386
Hmm. Will it lose all its readership now that it's become a corporate shill?

_________________
"Aaaah! Emotions are weird!" - Amdee
"... Mirrorshades prevent the forces of normalcy from realizing that one is crazed and possibly dangerous. They are the symbol of the sun-staring visionary, the biker, the rocker, the policeman, and similar outlaws." - Bruce Sterling, preface to Mirrorshades


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 11:38 am 
Offline
pbp Hack
User avatar

Joined: Wed Sep 02, 2009 8:45 pm
Posts: 7584
Too late?

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

_________________
I prefer to think of them as "Fighting evil in another dimension"


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 8:10 pm 
Offline

Joined: Thu Sep 03, 2009 10:03 am
Posts: 4922
I wonder how many dial-up minutes this sale is equivalent to.


Top
 Profile  
Reply with quote  
 Post subject: Re:
PostPosted: Tue Feb 08, 2011 9:26 pm 
Offline
Web Ninja
User avatar

Joined: Wed Sep 02, 2009 8:32 pm
Posts: 8244
Location: The Tunt Mansion
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.


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 9:53 pm 
Offline
pbp Hack
User avatar

Joined: Wed Sep 02, 2009 8:45 pm
Posts: 7584
I was unaware

_________________
I prefer to think of them as "Fighting evil in another dimension"


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 10:26 pm 
Offline
Bull Moose
User avatar

Joined: Wed Sep 02, 2009 7:36 pm
Posts: 7492
Location: Last Western Stop of the Pony Express
Why hasn't AOL died yet?

_________________
The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. B. Franklin

"A mind needs books like a sword needs a whetstone." -- Tyrion Lannister, A Game of Thrones


Top
 Profile  
Reply with quote  
 Post subject:
PostPosted: Tue Feb 08, 2011 10:31 pm 
Offline
Web Ninja
User avatar

Joined: Wed Sep 02, 2009 8:32 pm
Posts: 8244
Location: The Tunt Mansion
See above Mike. They've shifted focus.


Top
 Profile  
Reply with quote  
 Post subject: Re:
PostPosted: Tue Feb 08, 2011 11:18 pm 
Offline

Joined: Thu Sep 03, 2009 10:03 am
Posts: 4922
Micheal wrote:
Why hasn't AOL died yet?


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


Top
 Profile  
Reply with quote  
 Post subject: Re:
PostPosted: Wed Feb 09, 2011 7:48 am 
Offline
The Dancing Cat
User avatar

Joined: Wed Nov 04, 2009 2:21 pm
Posts: 9249
Location: Ohio
Micheal wrote:
Why hasn't AOL died yet?

Old people love them some AOL.

_________________
Quote:
In comic strips the person on the left always speaks first. - George Carlin


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 10 posts ] 

All times are UTC - 6 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group