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AOL ‘Lost its Mind’ With $315 Million HuffPo Purchase, Says Media Watchdog President
Posted By admin On February 8, 2011 @ 5:19 am In U.S. News | Comments Disabled
Feb 8, 2011
The announcement early Monday morning that America Online (AOL) is buying Arianna Huffington’s liberal Web site, The Huffington Post, for $315 million — $300 million in cash — left at least one conservative outraged.
“This proves AOL News has lost its mind,” said L. Brent Bozell III, president of the Media Research Center.
Huffington, who switched from being a conservative commentator to a “liberal/progressive” writer in the ‘90s, will lead the newly formed Huffington Post Media Group, which “will integrate all Huffington Post content with AOL Content, including news, tech, women, loca, multicultural, entertainment, video, community, and more,” according to the news release issued Monday morning.
“They must be in such dire straits that they’ve been blinded by the millions and think an acquisition of The Huffington Post is worth sacrificing credibility and objectivity,” Bozell said. “AOL News is fooling only itself in thinking there is no journalistic conflict in merging with a hate-filled, vicious, radically left-wing rag.”
According to AOL, the new combined media group will reach 117 million Americans and 270 million globally, in terms of unique visits each month. The Huffington Post, which Huffington started in 2005, currently has a monthly online readership of 25 million unique visitors each month.
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