Check, Please: Huffington Post Sold to AOL for $315m


arianna

The Huffington Post, the ground-breaking online news and opinion site founded by Arianna Huffington on a shoestring budget, is to be bought for $315m by AOL in a move sure to stun new media sceptics and believers alike.

Huffington and Tim Armstrong, the chairman and chief executive of AOL, have dubbed the takeover an equation of “1+1 equals 11”, but others with longer memories of AOL’s previous struggles – including its founder, Steve Case – were less enthusiastic when the news first broke late on Sunday in the US.

With the sale of the website that only began life in 2005 for $300m in cash and $15m in shares, the creation of a new media giant will send shockwaves through established news groups still struggling to understand the uncharted territory of online news.

In a statement released on Sunday night, AOL claimed that the new operation will have a combined base of 117m unique visitors a month in the US and 270m around the world.

http://commondreams.org/news/2011/02/07/check-please-huffington-post-sold-aol-315m

Teen says he hacked CIA director’s AOL account


John Brennan

Hillary Rodham Clinton’s email scandal didn’t stop the head of the CIA from using his own personal AOL account to stash work-related documents, according to a high school student who claims to have hacked into them.

CIA Director John Brennan’s private account held sensitive files — including his 47-page application for top-secret security clearance — until he recently learned that it had been infiltrated, the hacker told The Post.

http://nypost.com/2015/10/18/stoner-high-school-student-says-he-hacked-the-cia/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow