Newspaper & Mailroom
AOL and The Huffington Post Close Acquisition
Tuesday 08. March 2011 - Combination Accelerates AOLs Strategy to Create Next-Generation Media Company
AOL Inc. (NYSE: AOL) announced today that it has closed its acquisition of The Huffington Post, the influential and rapidly growing news and opinion site with over 27 million unique monthly US visitors.*
AOL will integrate The Huffington Post with all AOL Media and AOL Local properties to create the Huffington Post Media Group, a leading source of news, opinion, entertainment, community, and digital information. Arianna Huffington will lead the overall editorial direction of the new group as President and Editor-in-Chief.
Through this acquisition, AOL is accelerating its strategy to deliver a scaled and differentiated array of premium news, analysis, and entertainment produced by thousands of writers, editors, reporters, and videographers around the globe. The combined entity will have a user base of 117 million unique visitors a month in the United States and 253 million around the world.**