AOL, is to buy blog and news site The Huffington Post for $315 Million.
According to figures provided by The Huffington Post and AOL, the newly merged company will have one of the most read, online news notifications on the internet.
The Huffington Post, a predominantly liberal leaning news source, says it can bring new and upcoming ideas to the slightly stale internet provider and media source.
According to some online critics, the move was a good one for The Huffington Post. It has been said that the company was moving at a very slow pace and that they weren't willing to go public, so a buyout would have to be their best and only option.
From what I have seen in the comments sections of many articles concerning this topic, subscribers of the Post are fairly certain, that the buyout will equate to a compromise of integrity in articles published and will subsequently doom the website to the fate of other AOL buyouts, MySpace and Bebo.
It should also be noted that NBC has stated that it had been trying to purchase the Huffington Post for quite a while.
Do you think the buyout will succeed? How do you think that this buyout is similar to the Comcast-NBCUniversal buyout? Are you afraid of the compromise of integrity?
References:
http://www.cnn.com/2011/BUSINESS/02/07/huffington.post.aol.merger/index.html?hpt=T2
http://www.huffingtonpost.com/arianna-huffington/huffington-post-aol_b_819373.html
http://money.cnn.com/2011/02/07/technology/aol_huffington_post.cnnw/index.htm
No comments:
Post a Comment