AOL (AOL) recently acquired Huffington Post for $315 million, which is another one in the series of acquisitions that AOL has done since its spin-off with Time Warner (TWX) in December 2009. Since its spin-off, AOL has struggled to grow its advertising business. AOL’s revenues from the U.S.
The AOL-owned Huffington Post news website said Tuesday it would expand its Canadian operations with regionally focused editions for Alberta and British Columbia.The move comes nearly a year after the launch of the Huffington Post Canada in May, 2011, and follows a February launch of the French-language site Le Huffington Post Quebec."The sites will feature HuffPost's signature mix of news, blogging, community and social engagement, to capture the unique cultures of both provinces," the group said in a statement.
The Huffington Post on Thursday marked the first anniversary of its acquisition by AOL with an announcement that it plans to launch an online video streaming network.The HuffPost Streaming Network will launch this summer with 12 hours a day of original programming, to be increased to 16 hours a day by the end of 2013, Huffington Post founder Arianna Huffington said in a blog post.Huffington said the network will "live on every platform -- computer, smartphone, tablet, Over-the-Top TV -- with the goal of creating the most social video experience anywhere."
The US news and opinion portal Huffington Post will next month launch a French-language edition, its first foray into non-anglophone Europe with plans for similar sites in Spain, Italy or Germany, its co-founder said on Monday."We see this as our first foray into (the) euro zone," Arianna Huffington, the president and editor-in-Chief of The Huffington Post Media Group, told AFP here.
AOL (AOL) said today it has agreed to buy news and lifestyle website The Huffington Post for $315 million.
AOL said the combination of its infrastructure and scale with The Huffington Posts pioneering approach to news and community building among a broad and sophisticated audience will mark a seminal moment in the evolution of digital journalism and online engagement.
The Huffington Post announced plans Thursday to launch an Italian edition in the latest international expansion of the news and opinion website.L'Huffington Post Italy will go online before the end of the year and will be a partnership with Gruppo Editoriale L'Espresso, publisher of La Repubblica newspaper and L'Espresso news magazine.The Huffington Post was launched by Greek-American author and columnist Arianna Huffington in May 2006 and sold to Internet company AOL in February of last year for $315 million.
It's a familiar story: Hot company gets acquired; then, one by one, many of the talented people who made it hot start drifting away, one by one, bonus checks in hand.
A version of that is playing out at AOL's Huffington Post Media Group now.
After AOL acquired the Huffington Post in February, CEO Tim Armstrong had some tough decisions to make regarding which of his company's brands to keep and which to discard in favor of the Huffpo versions
US Internet provider AOL will buy The Huffington Post, a rapidly growing news website with nearly 25 million monthly visitors, for $315 million, the company announced Monday.Approximately $300 million will be paid in cash, it said.The Huffington Post is privately owned, but the proposed transaction is subject to government approvals.The boards of directors of each company and shareholders of The Huffington Post have approved the transaction, expected to close in the late first- or early second-quarter of 2011, the announcement said.