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.
Diane Mermigas submits:AOL’s (AOL) acquisition of The Huffington Post is a telling deal on many fronts, pointing to the consolidation of America’s so-called new and old news media in slowly improving economic times and the cashing out of entrepreneurs and early investors.
As a new media professional, I’m obviously excited any time a content property gets bought at a generous valuation and AOL paying $315 million for the Huffington Post’s operation definitely seems to fit the bill.
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.
AOL has come a long way from dial-up internet and disposable CDs. At the ad:tech conference Wednesday in San Francisco, CEO Tim Armstrong announced the integration of the company's advertising technology products into one platform, which it is calling AOL ONE.
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.