AOL Inc. agreed to buy the Huffington Post for $315 million as the Internet company spun off from Time Warner Inc. increases its investments in online content to help revive growth in advertising revenue.
The offer includes about $300 million in cash and the deal will likely be completed late in the first quarter or early in the second, New York-based AOL said in a statement today. Co- founder Arianna Huffington, 60, will become president and editor-in-chief of the Huffington Post Media Group, which will include all Huffington Post and AOL content.
NOTES:The wave of newmedia. New way of making money. We cannot dispute or ignore the fact that new media can garner more profits depending on how you market your product. With the number of net user nowdays and the extensive use of the internet, it is not impossible that one day the paper print newspaper will go poof. Its happening I see it coming.
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