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AOL is buying the Huffington Post for $315 million, the companies announced late Sunday.
The deal puts Arianna Huffington in charge of AOL’s growing content network, and burnishes AOL’s credentials as a new media network.
Huffington is to be president and editor-in-chief of a newly formed division called The Huffington Post Media Group, and will oversee all Huffington Post and AOL content, including Engadget, TechCrunch, Moviefone, MapQuest, AutoBlog, Patch and others.
“We have an opportunity to accelerate everything we’re doing very dramatically,” Huffington told Wired.com
Originally posted by 9Cib27
Huffington Post was one of the few solid news sources left...
Now it's gone forever.