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Huffington Post Sells to AOL for $315 million

By: Ben Domenech (Diary)  |  February 7th, 2011 at 10:27 AM  | 

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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Friday’s unemployment numbers, Super Bowl ads, and AOL’s purchase of the Huffington Post.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

U.S. jobless rate drops, but experts question how many actually found jobs
Money Matters: Deciphering Bureau of Labor unemployment statistics
AOL to Acquire Huffington Post
Who Will Profit From AOL’s Deal for Huffington Post?
LEAKED: AOL’s Master Plan

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COMMENTS

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  • jackhammer

    And that is find people as desperately in need of attention as she is, and milking them for a tonne of money.

    She did it playing the beard for her husband, stealing the name in the process, and now she is doing ti for AOL…..if that thing doesn’t turn a decent profit now, when she doesn’t pay her staff, and half her articles are just links to other stuff, how will it make money for AOL.

    And selling to AOL, wouldn’t that company just be better off calling it quits, and dispersing whatever money is just left in the bank to their shareholders? It is a vestige of a time when it was tough to get on the internet, about as relevant as the horse and buggy industry was in 1948…..

    • lineholder

      policies of Huffington Post?

      http://pajamasmedia.com/blog/arianna-huffingtons-insulting-treatment-of-minorities/

      Wonder if AOL will continue this policy under Ms. Huffington’s leadership?

  • Death_of_the_Donkey

    Francis, look at the data from early 83, it almost exactly mirrors what we are seeing today (declining labor force, lower unemployed, but no real increase in employment in the household survey). It does this roughly through May before the jobs start showing up (household survey only, obviously in that case the establishment survey was showing big gains).

    • earlgrey

      The odds are stacked against return on investment for any type of inverstment in the US including an investment in the american wiorker. When you make if harder for people to succeed, fewer will try. Otheriwise, I would be trying out for the next Olympics.

  • Read Chesterton

    like for example…. errr…. ummm… Nevrmind.

  • ciscoguy
    • tomswifty

      I’ve been missing my drink coasters arriving in the mail :)

  • After Seven

    Of course, we can assume Arianna will be returning $300,000,000 to the US Treasury…to help out the people and all…I mean she didn’t really earn it did she? And how much money does a person really need? All those fat cats in the blogosphere need to start giving back. Right?

  • enzomedici

    I sometimes go there to see what the liberals are up to, but I can’t believe it sold for that much. I also visits sites like Digg & Reddit, but conservative stories rarely make the front page since most of the members are die hard liberals. I started using http://www.subbmitt.com instead. All stories make the front page and they are not liberal biased either.

  • http://impudent.edublogs.org/ kyle8

    and common sense is SOL

  • proudmarinemom

    that AOL sold out its investors by funneling money to Arianna Huffy’s pal, George Soros?

    This deal smells. What else is going on here?