The long time blog site,
The Huffington Post, agreed to a $315 million buyout from AOL, inc. AOL, once a leader of online content has been in competition with other internet giants like Google. A recent New Yorker
article outlined how AOL's new CEO Tim Armstrong is transitioning AOL to provide more news based online content. Since the digital dial up service that initially gave millions of people their first internet access is in a fast decline, AOL is looking to create new popular online content. One of the new ventures is
Patch, a network of hyper-local news sites for small communities. Rural and suburban communities have yet to publish news, and local events online and AOL is hoping to be a leader in creating a platform for them to do so.
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3 comments:
I saw this and was quite surprised, I wonder what effect this will have on the viewpoints of Huffington Post articles since I always saw them as this liberal, independent-type online paper.
Arianna Huffington was named president and editor-in-chief of the Huffington Post Media Group, which will include the Huffington Post and all of AOL's other content sites. Hopefully this will ensure the Post keeps its editorial practices.
Already the AOL political writer has resigned and will work for the Daily Caller because he said it is too left leaning. Very interesting move on AOL's part.
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