Written by tjchan on Monday, February 7, 2011

AOL Purchases Huffington Post for $315 Million


huffington

What do you think of when you think of AOL?  I  remember it as one of the first internet service providers (ISP) and one of the first to bring instant messaging to popularity.  After AOL v3.0, I stopped using them as I jumped on the bandwagon with WinFire and was one of the first if not the first to get DSL on my block.  AOL as an ISP if pretty much dead – not to mention horrible service and customer support for older users where even though you are getting your broadband pipe through a company like Time Warner, it was setup in such a way that without using the AOL software as a gateway, you can’t just open any internet enabled application.  Many people especially old timers still cling to this deprecated service because of the desire to keep there email accounts.  AOL has gone from ISP to being a content gateway pointing people to different places.  Back in the day, before the world wide web (WWW) where everything was a bulletin board, AOL flourished…but now with the WWW AOL is in need of leaving the dialup market and head to greener pastures – advertising and online content.  With news of the acquisition of the Huffington Post, shares of AOL continue to drop.  With losses being at -7.43 per share, will this move be able to lead AOL into a more profitable position?  The Huffington Post is a liberal-leaning online news site that reaches 20 million unique visitors each month.  The vision for this merger is the creation of a brand new media universe to provide not only content but also community aspects.  The deal was signed by founder Arianna Huffington and AOL chairman and chief executive Tim Armstrong on Super Bowl Sunday in Dallas, TX.  Arianna Huffington will go on board AOL as the president and editor in chief of the Huffington Post Media Group.

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Feb 7, 2011

I think it actually worth more than 315 million, Im quite surprised she sold for that, given that worthless startups are commonly funded for more.

I like what I see from AOL trying to shepard worthwhile content, its about time somebody invested in the web that is, versus the web that will never be.

If AOL doesnt destroy these properties its acquiring it will be a great lesson to Yahoo: stop destroying the web, and start growing with it.

The native americans taught european settlers how to farm WITH the land and not against it. This is your lesson Yahoo.

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