AOL to buy Huffington Post

AOL is to buy online news and opinion website the Huffington Post for $315 million, creating what the Guardian has labelled “a new media giant”.

Arianna Huffington, who founded the website in 2005, has seen her creation grow at a phenomenal rate, to the point where AOL has claimed the new operation will have a combined readership of 270 million people globally.

The website, originally founded as a politics blog aimed at Democrats, posted its first profit in 2010, and expects to generate more this year – $60 million, compared with $31 million last year, according to the New York Times.

(Source: MediaGuardian)

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

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