Showing posts with label Huffington Post. Show all posts
Showing posts with label Huffington Post. Show all posts

Tuesday, February 8, 2011

Obama Speaks! Will Huff Po Listen??

Of course, your responsibility goes beyond recognizing the need for certain standards and safeguards. If we're fighting to reform the tax code and increase exports to help you compete, the benefits can't just translate into greater profits and bonuses for those at the top. They should be shared by American workers, who need to know that expanding trade and opening markets will lift their standard of living as well as your bottom line. We cannot go back to the kind of economy - and culture - we saw in the years leading up to the recession, where growth and gains in productivity just didn't translate into rising incomes and opportunity for the middle class.

-Obama, to the Chamber of Commerce

Now that Arianna Huffington has sold her website to AOL for $315 million, possibly clearing as much as $100 million on the deal, do you think she will share the wealth with all the unpaid contributors that made her website what it is today? After all, the "benefits can't just translate into greater profits and bonuses for those at the top", can they? Will a good liberal like Arianna follow the precepts and admonitions of her fellow liberal President and "spread the wealth"?
Or will she simply take the money and run?

Sunday, February 6, 2011

AOL Takes Sharp Left Turn - Buys Huffington Post

...and turns control of its own news gathering operations to Arianna Huffington.

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Arianna Huffington, the cable talk show pundit, author and doyenne of the political left, will take control of all of AOL’s editorial content as president and editor in chief of a newly created Huffington Post Media Group. The arrangement will give her oversight not only of AOL’s national, local and financial news operations, but also of the company’s other media enterprises like MapQuest and Moviefone.


As I recall, the Huff Po was about one year away from shutting its doors for lack of funding. Her left wing boutique wasn't paying its own way, under her leadership. Now she will steer the ship of AOL's news gathering operations?
A word to the wise... if you have AOL stock: Sell.

H/T Memeorandum

Cross posted at LCR.