The Huffington Post Media Group announced Friday that it became the latest online news source to implement a paywall — a very, very selective paywall, applying only to employees of The New York Times and residents of Winnipeg, Manitoba. Improbable? Naturally: Check your calendar.
Launch a social media campaign that will build your brand and deliver results in our online Social Media Marketing Boot Camp starting June 7. Speakers include Abigail Cusick (Bravo Digital), Gregory Galant (Sawhorse Media), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews. A news announcement at midnight on Super Bowl Sunday had better be something big if it expects to attract any kind of attention, and in the media world, this one was huge (and shocking): Aol announced that it will acquire The Huffington Post, and that HuffPost co-founder and editor-in-chief Arianna Huffington will assume the post of president and editor-in-chief of The Huffington Post Media Group, encompassing all HuffPost and Aol content including Engadget, TechCrunch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog, Patch, and StyleList.
The transaction is valued at $315 million, with approximately $300 million to be paid in cash funded from cash on hand, and it is expected to close in the late first quarter or early second quarter of this year.
