Mar 8, 2011

Investors don't seem to be betting on AOL-Huffington Post deal

AOL's stock dropped to a new low on the same day that the $315 million purchase of Huffington Post closed. Is this coincidence or commentary? The Los Angeles Times speculates:
The decline in stock price may show a lack of investor confidence in Chief Executive Tim Armstrong's attempt to turn AOL around. Much of that plan is pinned on the combined vision of Armstong and Arianna Huffington, who is becoming president and editor in chief of a new Huffington Post Media Group inside AOL. 
AOL, looking to capitalize on the success of the Huffington Post website and brand, is putting the majority of its online publishing properties under Huffington's control.
(found via fishbowlLA)

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