Arianna and team have created a brand and a destination that focuses on the consumer experience. We believe in brands, quality journalism, and the positive role of communities in the world-The Huffington Post shares our values and the combination of the two companies will create the premier global and local media company on the Internet.Ĭo-founded six years ago by Arianna Huffington and Ken Lerer, The Huffington Post has grown to become an industry leader-one of the Web’s most popular and innovative sources of online news, commentary, and information. Today we are announcing that we have agreed to acquire The Huffington Post, one of the most exciting, influential, and fastest growing properties on the Internet. We are taking another major step in the comeback of AOL. AOL exec Jon Brod will be overseeing the integration from an operational perspective on the AOL side. In between the corporate speak, he points out that a combined AOL and Huffington Post will have 117 million unduplicated unique visitors per month in the U.S., and outlines the new organizational structure with Arianna Huffington as Editor In Chief of all of AOL’s media properties, including TechCrunch. Below is the internal memo AOL CEO Tim Armstrong sent to all AOL employees (except us, they don’t trust us with anything) about the transaction. At midnight, AOL announced that it will buy the Huffington Post for $315 million.
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