AOL just bought the Huffington Post for $315 Million. Apparently, they weren’t hemorrhaging money fast enough; they lost almost $782 Million last year, but now they’ve already blown almost have that much and it’s only February. Da Tech Guy points out that:
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. It’s axiomatic that you can’t hold a blogger responsible for the comments of individuals on a site and most people simply don’t have the time to police comments to the degree that is necessary for proper decorum, but AOL is a large company. A VERY large company with a fair amount of employees and the manpower to stay on top of that kind of thing. There have been cases when the Huffpo has made it a point to keep comments closed to make sure some of their more, shall we say enthusiastic leftists don’t embarrass them. With “civility” now the code word of the left and with AOL brand at stake, they will now find themselves of necessity diligently policing the site, and if they don’t well I’m sure there are bloggers on the right with a lot more time on their hands than me who regularly read the Huffpo who will take the time to find this kind of stuff and helpfully point it out to the new owners at AOL. So AOL I hope you like your purchase, but now remember you OWN it, all of it. (H/T: Ace)
If they wanted a left-wing hate site-slash-asylum, they could have bought Charles Johnson for a buck ninety-five…
UPDATE: AOL stock drops 3.4%
Tags: Media Bias
7 February 2011 at 7:54 AM
The question that many have asked is has someone already “purchased” Charles Johnson?
7 February 2011 at 8:26 AM
If so, I hope they saved the receipt.
7 February 2011 at 9:32 AM
There is no AOL Brand left to be at stake….only ones that still use are are above 65
7 February 2011 at 10:00 AM
This move reeks of equal parts desperation and stupidity.
7 February 2011 at 1:39 PM
I get the feeling if I wrote ‘Air America’ on the back of a gas station receipt, I could fetch a pretty hefty sum from AOL…..
7 February 2011 at 2:11 PM
Act now while they still have cash left!