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.
Credit Suisse analyst Stephen Ju has slashed the target price on AOL, Inc. (NYSE:AOL) stock from $50 to $47, but maintained a Neutral rating on the stock. The analyst has based this target price reduction on release of fourth quarter earnings for fiscal year 2014 (FY14) yesterday.
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.