Monday, February 07, 2011

Who Knew Hate Cost So Much?

Honestly, I didn't even realized AOL was still in business. Now they've purchased the hate site Huffington Post in a quest to spread lies an misinformation to a wider audience.
The deal “will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers,” AOL CEO Tim Armstrong said in a statement announcing the deal early Monday.

Founded in 2005, Huffington Post is owned by Arianna Huffington, Kenneth Lerer and a group of other investors. AOL will pay $300 million of the purchase price in cash.

Arianna Huffington will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content, including Engadget, TechCrunch, MapQuest, Patch and more.
You'll now get voice-activated directions from MapQuest. It'll sound strangely like Zsa Zsa Gabor.


Jim Ramsey said...

My first response to this announcement was to cancel my AOL account; wonder how many others will do the same. AOL has become a non-player and this move will not help.

Fenway_Nation said...

I get the feeling if I wrote 'Air America' on the back of a grocery store reciept, the brain trust at AOL would suddenly want to offer me ungodly sums of money for it...