AOL to buy Huffington Post for $315M in savvy desperation move

Come for the crazy, stay for the Viagra email spam.

...effort to reshape a fallen Internet icon... [can you reshape a corpse?]

...AOL will be adding Huffington Post co-founder and media star Arianna Huffington to its management team as part of the deal... [She was the 2nd choice, the Obama turned them down]

...Huffington will be put in charge of AOL's growing array of content... [I can't wait, can you?]

...The price that AOL is paying is "really just the hiring fee to get Arianna,"... [Translation: she found some greater fools]

...makes a lot of sense. This could put AOL back on the map."

Chernobyl is still on the map. So is the Titanic now that its final resting place has been definitively ascertained. I'm just saying...

Pic of Tim Armstrong, AOL CEO, surveying his investment strategy below the fold. Last year AOL only lost $782M. Armstrong said "2011 is the year we stop working on the turnaround and start working on the comeback." AOL doesn't need a turnaround specialist, it needs Jack Kevorkian.

[Update] DaTechguy makes an astute comment about what AOL is getting as a "freebie" along with the HuffPo framework:

...When you are buying something like the HuffPo you are not only buying the structure and the “writers” so to speak, you are also buying the commentators...
Indeed. Indeed. What's the going rate for an asylum full of crazies there days anyway?

Posted by: Purp at 05:27 AM



Comments

1 Dalink, aht this rate i vill have just enough cash to make it to Tuesday.

Posted by: Arriana at February 07, 2011 05:32 AM (ENRGu)

2 Alzo, AOL vill be gay on Wednesday.

Posted by: Arriana at February 07, 2011 05:33 AM (ENRGu)

3 And you thought the Black Eyed Peas halftime show was an Epic FAIL.

Posted by: Gregory of Yardale at February 07, 2011 05:35 AM (b0BN0)

4 Yes, zee Black Eyed Peas are overpaid and talentless. It's almost like zay are famous for being famous.

Posted by: Arriana at February 07, 2011 05:39 AM (ENRGu)

5 Someone should organize a #TCOT boycott of AOL sites until that repellent harpy is no longer picking their content.

Either that or look forward to "insightful" articles on TechCrunch and Engadget about Obama's favorite Green Technologies and why they're awesome despite the complaints of "racists."

Or perhaps an in-depth piece on a new Android app for calculating the number of jobs the private sector is obliged to create because of the awesomeness of His Holiness.

Watch for all of these sites to inject politics into their discussions as well as insults pointed at conservatives.

Bleh. #unfollow

Posted by: DriveBy at February 07, 2011 05:44 AM (5Vlcy)

6 MY stupendous, wonderful, scrumptious President is so exellently amazing! I just saw him doing a live interview with Reich Whinge Nazi Bill O’Reilly right before the Super Bowl is to start. Racist Nazi Billo tried to get President Obama to screw up, but MY president’s awesomeness, supremacy, confidence, dignity, intelligence, and pride came through as usual! Love, love, love, love. love him.

Posted by: KayInMaine at February 07, 2011 05:57 AM (60jZM)

7 KayInMaine, are you related to Dr. Amy Bishop?

Posted by: Case at February 07, 2011 06:02 AM (0K+Kw)

8 Still can't find a man to put up with all that crazy, eh, Kay?

Posted by: Greene Bard at February 07, 2011 06:07 AM (m3U21)

9 I vud have offered an arm and a leg for zis dahling.

Posted by: Zsa Zsa Gabor at February 07, 2011 06:11 AM (e9JZd)

10 Your daddy didn't love you enough, did he Kay?

Posted by: Case at February 07, 2011 06:13 AM (0K+Kw)

11 Dahlink, Zsa Zsa, you have zis terrible accent. You should look into speech lezzons.

Posted by: Arriana at February 07, 2011 06:15 AM (ENRGu)

12 Yikes! On so many levels.

Posted by: s☺mej☼e at February 07, 2011 06:29 AM (4B5QB)

13 Tell me Kay, have you ever seen a grown man naked?

Posted by: Case at February 07, 2011 06:30 AM (0K+Kw)

14 "Squeaky" Fromme was just misunderstood, right Kay?

Posted by: Case at February 07, 2011 06:33 AM (0K+Kw)

15 How many cats do you own Kay? 20? 30? How many are too many Kay?

Posted by: Case at February 07, 2011 06:36 AM (0K+Kw)

16 Allianaa zank you dahlin itz a gut zink vee dont have to talk on zee internets.

Posted by: Zsa Zsa Gabor at February 07, 2011 06:36 AM (e9JZd)

17 AOL must have money to burn. They must have some real idiots over there.
BTW, I am ready to sell my blog now and I will let it go for only 1% of what they paid Arianna.

Posted by: Harry at February 07, 2011 06:37 AM (uPEnP)

18 I see aol going bankrupt soon and taking down huffingtonpost with it

Posted by: 4rc at February 07, 2011 06:45 AM (7ZOXf)

19 imho aol way overpaid for huffington post. What is huffington's post revenue and profit?

Posted by: 4rc at February 07, 2011 06:46 AM (7ZOXf)

20 I see aol going bankrupt soon and taking down huffingtonpost with it

Optimist eh?

Posted by: Purple Avenger at February 07, 2011 06:47 AM (LGDei)

21 just checked, rofl, huffington post has a revenue of $15 million 2010, with plans to double it this year. So assuming its $30 million revenue. How could this be worth $300million?!

Posted by: 4rc at February 07, 2011 06:49 AM (7ZOXf)

22 This smells like a Hillary Book Deal

Posted by: JavaJoe at February 07, 2011 06:51 AM (e9JZd)

23 How could this be worth $300million?!

I'd bet some Time-Warner bean counters are asking that same question. Maybe the TW boardroom gave Armstrong enough rope to hang himself so they'd have a convenient excuse to pull the plug.

Posted by: Purple Avenger at February 07, 2011 06:52 AM (LGDei)

24 Dude. Dude...
I hate the MBM (make believe media) with a passion. And I love that Newsweek was sold for a dollar.
And I'd love to see blogs making some real cash. I know ace makes enough cash off this blog to survive, but I'd like to see him and other bloggers prosper.
But $315 million? That's bat shit crazy to me. I couldn't see paying that for Michelle Malkin, HotAir, Ace of Spades, and InstaPundit combined. Hell, even if you threw in Drudge I couldn't see that being paid. Maybe $50 million.
Seriously, is this crazy or what?
Or maybe I'm totally ignorant of blog cash values. Michelle Malkin recently sold HotAir to the owners of TownHall. Does anyone have any idea of how much she sold it for?
I mean, if HotAir was sold for (hypothetically) $1 million and HuffPo was sold for $315 million, either HotAir was grossly under valued, or HuffPo was grossly over valued.
How much could Ace of Spades be sold for? Or how much money is it bringing in via advertisements?

Posted by: ed at February 07, 2011 06:52 AM (emG8W)

25 But $315 million? That's bat shit crazy to me.

Bat shit crazy is the new normal.

Posted by: Purple Avenger at February 07, 2011 06:54 AM (LGDei)

26 Bat shit crazy is the new normal.
Posted by: Purple Avengerat February 07, 2011 06:54 AM (LGDei)
I hear you brother... Man oh man.
Do you have any other insight to my other questions?

Posted by: ed at February 07, 2011 07:00 AM (emG8W)

27 4rc: "I see aol going bankrupt soon and taking down huffingtonpost with it."

It depends on one's analysis of the situation. Personally, I see huffingtopost going banrkupt and taking aol down with it.

Posted by: alwyr at February 07, 2011 07:05 AM (w2++y)

28 Welcome to the post-party, pal...oh, wait!

Posted by: Air America at February 07, 2011 07:06 AM (0ba8c)

29 How does any of this pertain to "Black History Month"?

Posted by: Case at February 07, 2011 07:08 AM (0K+Kw)

30 FUCK YOU! MY ARIANNA MATTERS! FUCK YOU! MY ARIANNA MATTERS! FUCK YOU! MY ARIANNA MATTERS! FUCK YOU! MY ARIANNA MATTERS! FUCK YOU! MY ARIANNA MATTERS! FUCK YOU! MY ARIANNA MATTERS!

Posted by: KayInMaine at February 07, 2011 07:09 AM (60jZM)

31 Do you have any other insight to my other questions?

I have no idea what AoS might sell for or even if Ace is interested. Ace seems to have a measure of ummm...lets call it "artistic integrity" not always present in other more commercially oriented bloggers.

Obviously, what makes AoS what it is, is the relatively freewheeling nature, and relative tolerance in the comments sections compared to some other blogs *cough* LGF *cough*.

Posted by: Purple Avenger at February 07, 2011 07:14 AM (LGDei)

32 Ace should hold out for that $75 buyout from Compuserve.

Posted by: nickless the still-banned (99.174.64.43) at February 07, 2011 07:15 AM (qdtoY)

33 Yeah, this could do for AOL what forming MSNBC did for us!

Posted by: Microsoft at February 07, 2011 07:18 AM (qdtoY)

34 BTW, 99.174.64.43 is NOT on the explicit ban list

Posted by: Purple Avenger at February 07, 2011 07:19 AM (LGDei)

35 Thanks for checking, PA. Is there some other spamblock or whatnot that might be filtering me out?

Posted by: nickless the still-banned (99.174.64.43) at February 07, 2011 07:21 AM (qdtoY)

36 AOL news service was always as liberal as the come. For that matter so is Roadrunner and MS and all the rest.

In fact, I know of no internet news services that are not liberal as hell.

Posted by: Vic at February 07, 2011 07:23 AM (M9Ie6)

37 I have no idea what AoS might sell for or even if Ace is interested. Ace seems to have a measure of ummm...lets call it "artistic integrity" not always present in other more commercially oriented bloggers. Obviously, what makes AoS what it is, is the relatively freewheeling nature, and relative tolerance in the comments sections compared to some other blogs *cough*LGF *cough*.
Posted by: Purple Avengerat February 07, 2011 07:14 AM (LGDei)

That's too bad. Because I am fantastically wealthy, and was willing to pay $15 million dollars for ownership of Ace of Spades.
Or as ace would call it, "Sweet crazy blog money."
None the less, I accept your refusal of my offer as a duly authorized agent of ace.
Tender my regrets to him.
Perhaps Protein Wisdom might be more receptive to negotiations...

Posted by: ed at February 07, 2011 07:24 AM (emG8W)

38 Anybody know what an AOL is? Anybody care?

Posted by: tarpon at February 07, 2011 07:25 AM (g0QB8)

39 Let's hope they pay her in AOL stock.

Posted by: nickless the still-banned (99.174.64.43) at February 07, 2011 07:28 AM (qdtoY)

40 was willing to pay $15 million dollars for ownership of Ace of Spades.

If its not counterfeit, I'm betting you'd own the joint for that kind of jack. For that kinda money, I'll kidnap Ace and torture him until he signs the contract...all in his own best interest of course.

Posted by: Purple Avenger at February 07, 2011 07:34 AM (LGDei)

41 Ok, 20 million unique views per week. That is 2.8 million views a day. There are about 250 million American a day that have access to the Internet. So 1% of Americans are wasting their time on HuffingtonPost every day?

By "unique views" I am guessing they mean that if they same person views the website 30 times, it only counts as one? If this is not the case, the numbers are even worse.

Posted by: Bill Mitchell at February 07, 2011 07:36 AM (x3Anv)

42 I look at it this way - AOL has to extract about a dollar from every American to get their money back. What's the chances of that happening?

Posted by: Purple Avenger at February 07, 2011 07:43 AM (LGDei)

43 Even some very worthy charities can't extract a buck out of every American, and the HuffPo doesn't even register as a flyspec on the worthiness radar.

Posted by: Purple Avenger at February 07, 2011 07:45 AM (LGDei)

44 Rupert Murdoch - Threat to humanity
Arianna Huffington - Respected Newsperson

Posted by: nickless the still-banned (99.174.64.43) at February 07, 2011 07:46 AM (qdtoY)

45 Nickless not banned? Thank God! Thisgiant paper-mache head is getting heavy.

Posted by: bigred NO NICKLESS, NO PEACE at February 07, 2011 07:47 AM (cX9pO)

46 38
Anybody know what an AOL is? Anybody care?Posted by: tarpon at February 07, 2011 07:25 AM (g0QB

The company that tried mightily, but failed to sink Time-Warner. HuffPo will do them in, without a doubt.

Posted by: ya2daup at February 07, 2011 07:47 AM (yRrAd)

47 you are also buying the commentators..

I think he means "commenters." Not the same thing. Krauthammer is a "commentator."

Posted by: jeannie at February 07, 2011 07:59 AM (J36sJ)

48 jeannie, he meant "common taters". It cost more for the really good 'taters.

Posted by: bigred NO NICKLESS, NO PEACE at February 07, 2011 08:03 AM (cX9pO)

49 Two birds one stone. Over at the WSJ article about this, everyone is saying they'll cancel or boycott AOL for giving a leftist hatebot control over all their news, over at HuffPo, the moonbats are gnashing their teeth and saying goodbye to HuffPo saying that it'll become right-wingy. This merger is truly bipartisan as it sends people running the hell away from both entities to exit doors on both sides of the aisle. Who'd have thunk that suicide would be so hilarious?

Posted by: Zilla at February 07, 2011 08:13 AM (T8pPt)

50 I expect the tax payers will have something to do with this deal, at some point. In the form of a pro-Democratcrony bailout.

Posted by: Lemon Kitten at February 07, 2011 08:17 AM (0fzsA)

51 I'm wondering if AOL is seeing the treatment GE's getting from Ear Leader and hoping to jump on the Toady Train, with Zsa-zsa showing them the fastest route to Barry's colon.

Posted by: nickless the still-banned (99.174.64.43) at February 07, 2011 08:21 AM (qdtoY)

52 AOL just needs to shut down and cash out whatever they have left. They're as dead as Studebaker. No one even uses their instant messenger anymore.




Posted by: SGT Dan at February 07, 2011 08:31 AM (HBTr7)

53 AOL negotiates the way Obama negotiates the SALT treaty. Huffington keeeps the Huffington Post operating as a separate site.

Posted by: davod at February 07, 2011 08:33 AM (GUZAT)

54 1.AOL lost $782 million in 2010.
2. AOL now pays $300 million cash (and $15 million in stock) for HuffPo.
You've seen this story before: Gambler loses $500 at the blackjack table, then goes to the ATM, gets another $500 and decides to try his hand at roulette. At some point, he'll go to the parking lot, scrounging coins out of the console of his car to go play the nickel slots. Then when that's all gone, he'll pawn his watch.
He'll be lucky if he doesn't end up hustling blow jobs.

Posted by: Robert Stacy McCain at February 07, 2011 08:40 AM (oYNtj)

55 How long before the Ewok cashes out and starts drinking Grey Goose?

Posted by: Kemp at February 07, 2011 08:41 AM (JpFM9)

56 i've had AOL email for years have been meaning to switch but have been, frankly, just too lazy. will move it now.

Posted by: kelley in virginia at February 07, 2011 08:44 AM (OTOGg)

57 boycott of AOL sites until that repellent harpy is no longer picking their content
I keep running into this problem here. It is not possible for me to reduce my AOL/ABC/NYT consumption below zero where it has been for over a decade.

Posted by: Follower of Cthulhu at February 07, 2011 08:48 AM (F/4zf)

58 When you are buying something like the HuffPo you are not only buying the structure and the “writers” so to speak, you are also buying the commentators...

Actually this is true. HuffPo has 6000 writers that work for free. Considering the traffic HuffPo gets and that, the deal is still overpriced but probably only by 3-1 maybe. A top ten internet news site is worth 100 million easy. The problem with the free bloggers and this deal is the free bloggers, with any talent, will now expect to be paid or will move on. Before they were working for a cause, now it's a business. In the end this will be a bad deal for AOL. Expect HuffPo to be replaced by a new more pure true blue believer site within a few years.

Posted by: Rocks at February 07, 2011 08:51 AM (RuL8J)

59 This will collapse, as mentioned above, they have thousands of unpaid writers, those writers are going to want to get paid if the site was bought for 300 mllion

Posted by: Ben at February 07, 2011 08:52 AM (wuv1c)

60 This will collapse, as mentioned above, they have thousands of unpaid writers, those writers are going to want to get paid if the site was bought for 300 mllion

De knowledge dat dey are linink my pocket vill be enof fur dem, dahlink.

Posted by: Arianna Gabor at February 07, 2011 08:55 AM (qdtoY)

61 I thought only old people and prisoners use AOL?

2 stocks to short: AOL and Chipotle

Posted by: Navin R Johnson at February 07, 2011 09:03 AM (HpT9p)

62 It sure would be interesting if somebody would ask Obamao: "When your parents entered you in school in Indonesia and they listed your religion as 'Muslim' on the entry form were they just confused, or were they deliberately lying?"

I'm sure most parents wouldn't know what religion their minor children are.


Posted by: An Observation at February 07, 2011 09:05 AM (ylhEn)

63 Tell me Kay, have you ever seen a grown man naked?

I'm sure she has, every time she gets out of the shower and looks at a mirror. Assuming she showers to begin with.

Posted by: Hoinky Boinky Man at February 07, 2011 09:18 AM (RDC2X)

64 I've had AOL e-mail for about 15 years and have kept it simply because many, many business contacts have that address, and because I've found it easy to use. I'm far from computer savvy.
May have to make the switch. Once the lefties worm their way into something, everythingbecomes political - advancing the NARRATIVE. Not that AOL news wasn't liberal before, as per Vic, but I was able to ignore most of it. Now, that may not be possible.

Posted by: RM at February 07, 2011 09:19 AM (1kwr2)

65 Interesting, isn't it that nowhere in the AP story was it mentioned that HuffPo has, shall we say, very liberal leanings? Not a word, crickets. Played as a straight media deal.
OK, I guess. But what if say, AOS (crazy I know), or even perhaps Drudge, was in the place of HuffPo. Anyone have any doubts that the main storyline would be about wingnuts taking over the previously neutral AOL?

Posted by: RM at February 07, 2011 09:26 AM (1kwr2)

66 AOL has an extensive, long-term reputation on the Internet. Sadly, it's traditionally been a bad one. This will not help either party.

I expect this to end badly, with heartache and popcorn aplenty.

Posted by: AoSHQ's worst commenter, DarkLord© at February 07, 2011 09:26 AM (GBXon)

67 I've give 'em a year.... they'll both be gone.


Posted by: Pat in Michigan at February 07, 2011 09:35 AM (JxKrx)

68 You know who is having a bad day today?
Kos.

Posted by: Walsingham at February 07, 2011 09:37 AM (gFYz6)

69 I have only run across articles that state HuffPo's ad revenue. What is their net income right now?

Posted by: Walsingham at February 07, 2011 09:38 AM (gFYz6)

70 @68 I suspect the opposite. I imagine Kos is quite happy to see a primary competitor sell out.

Posted by: George W. Bush at February 07, 2011 09:39 AM (/joDP)

71 The lefties are readying their massive mediacampaign machine for the 2012 cycle. If only this deal had been in place for the 2010 midterms, the outcome would have been oh so different! It's never the message content that's the problem with the lefties, it's simply the delivery that's the problem.

Posted by: Boots at February 07, 2011 09:41 AM (neKzn)

72
Kind of a shame. Back in the day, AOL used to be a hoot, browsing the political chat rooms. We would beat the crap out of the left there, and they were as deranged and vicious then as they are now. One of the cottage industries there was exposing aol screen berets--the posers who claimed military service--for whatever reason.
I'm sure there are some here who can attest to the fun had?

Posted by: irongrampa at February 07, 2011 09:43 AM (ud5dN)

73 I'm a man of simple tastes. I like things like gunpowder, dynamite and gasoline left-wing pundits. They all have one thing in common.
They're cheap.

Posted by: The Joker at February 07, 2011 10:00 AM (v+QvA)

74 AOL must be boycotted into extinction. How do you boycott a service no one has used since 2003?

Posted by: FlaviusJulius FREE NICKLESS and LOGPROF at February 07, 2011 10:04 AM (SJ6/3)

75 42
I look at it this way - AOL has to extract about a dollar from every
American to get their money back. What's the chances of that happening?


Posted by: Purple Avenger at February 07, 2011 07:43 AM (LGDei)

No problem. I'll get the IRS right on that!

Posted by: Barack Hussein, Preznit at February 07, 2011 10:04 AM (/izg2)

76 If Google, Yahoo, and Microsoft didn't exist I might use AOL.

Posted by: FlaviusJulius FREE NICKLESS and LOGPROF at February 07, 2011 10:06 AM (SJ6/3)

77 To any who don't know, Google is a thousand times better than any other E-Mail, online free picture and document warehouse, and pretty much everything else. AOL users are bitter clingers. Google can do anything. Most of their competition's programs are exact replicas.

Posted by: FlaviusJulius FREE NICKLESS and LOGPROF at February 07, 2011 10:11 AM (SJ6/3)

78 isn't aol that company that sells dial up internet service?

Posted by: Marie at February 07, 2011 10:13 AM (GuTKr)

79 Posted by: Rocks at February 07, 2011 08:51 AM

One also has to wonder if any of those "journalists" doing free labor for their Media Goddess Arianna will see any of the loot AOL is supposedly paying.

One thing you can depend on with liberals: "share the wealth" applies only to your money. When they score big, it's a far different story.

Posted by: MrScribbler© at February 07, 2011 10:17 AM (Ulu3i)

80 My first thought was, "AOL? There's still an AOL? I haven't looked there in over ten years..."


Posted by: Leonie Alemann at February 07, 2011 10:24 AM (Amnw4)

81 Does anyone really use AOL anymore? I kicked them out in 1998 - got fed up with AOL's Crashomatic software and ridiculous fees. All that, and Arianna and her stable of slavering loonies, too? Marketing study must have shown that masochists constitute a huge internet market segment.

Posted by: Minnie Rodent at February 07, 2011 10:26 AM (iNfj/)

82 Wait... AOL is still in business? That's a surprise.

Posted by: Chicago Jedi at February 07, 2011 10:36 AM (6ftzF)

83 Hey, I know....why not have a guy say "You've got mail" when you open up your email account! Nea-to.

Posted by: pj at February 07, 2011 10:38 AM (QdxaI)

84 Well shut my mouth and slap grandma....this is the sartest move since Custer went to the Little Big Horn.

Now please excuse me while I roll around on the floor and laugh my ass off.

Posted by: Old Hippie Vet at February 07, 2011 10:39 AM (OefT/)

85 The Treasury should be seeing about $45 million in capital gains tax (15% x $300 million).

Posted by: Islamic Rage Boy at February 07, 2011 10:41 AM (tvs2p)

86 I think I can guess why Arianna was put in charge of news content. HuffPo's status as the goto place for kvetching liberals. Olberman has to figure into this deal someplace. I would expect a big announcement about him joining AOL/HuffPo for an 8 figure number as soon as he is out from under the 4 month restriction from leaving MSNBC. I would not be surprised to find out there was already a verbal deal in place at the time he left MSNBC.

Posted by: Rocks at February 07, 2011 10:44 AM (Q1lie)

87 sartest+smartest.....need more coffe

Posted by: Old Hippie Vet at February 07, 2011 10:44 AM (OefT/)

88 and + is really = ......

Posted by: Old Hippie Vet at February 07, 2011 10:46 AM (OefT/)

89 On a conference call with analysts, AOL Chief Financial Officer Arthur Minson said the company expects Huffington Post will generate $50 million in revenue this year, with a profit margin of 30 percent.



My suggestion would be to get a new financial officer.

With these, shall we say -- optimistic -- numbers (40% yoy growth) AOL just paid 20 times profit for Huffpo. The rule of thumb I've seen in acquisitions is paying 10x yearly profit for an established company is a good deal, 12x is a wash, and anything higher is a bad deal.

Posted by: Laurie David's Cervix at February 07, 2011 10:47 AM (L8y7Q)

90 To rehash a fecal dropping I left on the ONT, the amazing thing is not that AOL is still around. The amazing thing is that they've fallen so far from where they were in the late '90s.

Around the turn of the century, AOL was collecting metric asstons of rent from their userbase. I was never an AOL user, but I knew several AOL users who used AOL because they liked it.

AOL could not have had it better if they had been printing their own currency. For them to get from where they were then to where they are now took a perfect streak of monumental mistakes.

Posted by: FRONT TOWARD LEFT at February 07, 2011 10:49 AM (Pzf4N)

91 Also:

Huffington Post's 70-person paid staff is augmented by content from news outlets and 6,000 bloggers who write for free.




Liberal serfdom.


Posted by: Laurie David's Cervix at February 07, 2011 10:49 AM (L8y7Q)

92 This is a marriage mad in Hell. They can ride the elevator to bankruptcy together.

Posted by: SurferDoc at February 07, 2011 10:55 AM (o3bYL)

93 "Liberal serfdom."

Another rehash of yet another fecal dropping I left on the ONT: I hope the HuffPo prospers forever. It is a boon that lefties get so thoroughly sucked into their echo chambers. The confidence they accumulate over their constant reaffirmation keeps them from even trying to hide what they are when I encounter them in real life.

They have shifted their spectrum so far into la-la land that Pauline Kael's 1972 observation of knowing only one person who voted for Nixon would today make her the one-eyed queen in the land of the blind.

Posted by: FRONT TOWARD LEFT at February 07, 2011 10:58 AM (Pzf4N)

94 BTW - in 2009 AOL CFO Arthur Minson made $9 million in salary, bonus and options. In the same year, AOL Chairman Tim Armstrong made $25 million.

So, together, the top two people at AOL are/were paid as much as the entire Huffpo empire is expected to generate over the same year.

http://people.forbes.com/profile/tim-armstrong/137151

Posted by: Laurie David's Cervix at February 07, 2011 11:02 AM (L8y7Q)

95 @#93 Welcome to my world. All the rest of the parents at my kid's preschool are one sort of progressive moonbat or another.

Posted by: George W. Bush at February 07, 2011 11:04 AM (/joDP)

96 Make that twice as much. Even I can't believe these numbers.

Posted by: Laurie David's Cervix at February 07, 2011 11:05 AM (L8y7Q)

97 70 person paid staff, 6000 unpaid bloggers, 300 million dollar price tag, long established internet provider... yep, I smell a government bailout coming. AOL is just too big to fail. (Especially now that one of the left's darlingsis on staff).

Posted by: DaveK at February 07, 2011 11:08 AM (boNGU)

98 Posted by: Laurie David's Cervix at February 07, 2011 11:02 AM

And this is what they get for running a company that is pissing away money....

Back in the days when business was, well, businesslike, they would have been broomed.

Posted by: MrScribbler© at February 07, 2011 11:10 AM (Ulu3i)

99 March 8, 2012:

Arianna Huffington announced today that she was purchasing the Huffington Post and related properties from the creditors of the bankrupt AOL. Final terms were not announced but the purchase price was expected to be in the neighborhood of $2.5M.


Posted by: JEM at February 07, 2011 11:13 AM (o+SC1)

100 Just in case somebody comes to their senses, my backup bid of $1 is in place.

Posted by: t-bird at February 07, 2011 11:14 AM (FcR7P)

101 From what I recall (though I might be mistaken) HuffPo was burning through something like $100 million/year. I had thought that Arianna had already taken in two or three hundred million in "investment" or "capitalization" or whatever they call pity money, these days? No doubt they have the page views and the captive libtard audience ... I would have thought $315 million was low for that.

Anyway, the real news in this story is that AOL still exists. I think they bought HuffPo just to let people know they were still around. A zombie, but still around.

Posted by: iknowtheleft at February 07, 2011 11:20 AM (N49h9)

102
You've seen this story before: Gambler loses $500
at the blackjack table, then goes to the ATM, gets another $500 and
decides to try his hand at roulette. At some point, he'll go to the
parking lot, scrounging coins out of the console of his car to go play
the nickel slots. Then when that's all gone, he'll pawn his watch.

He'll be lucky if he doesn't end up hustling blow jobs.

Posted by: Robert Stacy McCain at February 07, 2011 08:40 AM (oYNtj)

Thankfully the casino comps my drinks to wash the taste out of my mouth..

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103 Shit Shit Shit Shit.
I've been an AOL customer since I got ahold of a Beta disk a long time ago and subseqently tossed Compuserve.
Their "news" has always sucked but I could ignore it, now it's going to get worse and double-ignored. The service is super-easy to use (No f'n IP addresses or any of that shit to deal with) and my computer illiterate wife loves it.
I'm screwed.

Posted by: Max Entropy at February 07, 2011 11:43 AM (lH6z9)

104 I fail to see how this helps Michelle's fat children?

Posted by: toby928™: Free nickless the still-banned (99.174.64.43) at February 07, 2011 12:48 PM (GTbGH)

105 Y'all DO know that KayInMaine is a sockpuppet troll of another Moron, right? It just has perfect pitch and delivery.
#95, you obviously need to move.

Posted by: SGT Dan at February 07, 2011 12:49 PM (GgXZc)

106 And here I was thinking we really blew it when we signed Alex Rodriguez for $252M a decade ago.

Congrats, AOL. Welcome to hell.

Posted by: Texas Rangers at February 07, 2011 01:12 PM (swuwV)

107 yep, I smell a government bailout coming. AOL is just too big to fail. (Especially now that one of the left's darlingsis on staff).
Two words: Völkischer Beobachter

Posted by: Stillwater at February 07, 2011 01:13 PM (0GpN4)

108 Arianna Huffington and AOl area match made in heav...uh, hel.. Let's just say they deserve each other and let it go at that. I dislike AOKL intensely. Back in 2002AOL was ny provider. I was allowed several screen names at no extra cost. Somehow, someway, AOL made an "error" and started charging me for three monthly fees each month for my one membership and two screen names. I didn't notice it for several months (my bad) and when I called it to their attention, I got the run around. In the end I got credit for all but two months. I will hold those two months against them forevermore. I dislike Arianna because she breathes.

Posted by: BarbaraS at February 07, 2011 01:54 PM (GwJMa)

109 I remember when AOL began providing Usenet access, a whole shitload of stupid people appeared.

With their purchase of Huff'n'Puff Post, they truly are now, "Assholes On Line".

Posted by: Blacque Jacques Shellacque at February 07, 2011 03:49 PM (nD3Pg)

110 Wow, AOL really is desperate...

AOL Buys naturalfake for $253M

Posted by: naturalfake at February 07, 2011 03:57 PM (+kzvp)

111 "It depends on one's analysis of the situation. Personally, I see huffingtopost going banrkupt and taking aol down with it."

Thats ignoring AOL's own history. AOL have a long history of buying junk then sitting on it allowing it to decay, because the stuff they buy don't turn a profit. Any AOL shareholders should leave. I can't see this deal good for you. Ariana Huffington Post just made a killing. She is selling an asset way at the top, like at the top of the tech boom. This is the sort of deal that reward Ariana and ruin AOL shareholders. A crony deal. Makes you wonder if AOL ceo is a personal friend of Ariana.

Posted by: 4rc at February 07, 2011 04:08 PM (7ZOXf)

112 OMG AOL just bought naturalfake another leftist site. I thought they way overpaid huffington post, but at least huffington post is popular. Naturalfake - I never heard of it. What is their revenue? DailyKos is pretty kicking themselves right now. They could've robbed AOL shareholders blind

Posted by: 4rc at February 07, 2011 04:15 PM (7ZOXf)

113 Appy Loggies if this has been mentioned before, but will this make Huff and associates, each and every one of them, Capitalist Oppressors?

Posted by: Mad Capn Bob at February 07, 2011 05:31 PM (LZ/lZ)

114 Read the Comment Section on AOL's Homepage from the post they did on this.

Does ANYONE like that woman?

Posted by: ktgreat at February 07, 2011 06:01 PM (7cvwd)

115 Did Arianna blow him to sweeten the deal?

Posted by: sexypig at February 07, 2011 07:21 PM (UmEOs)

116 She was great in Green Acres.

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