AOL buys The Huffington Post for $315 million

New York Times
Arianna Huffington 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 deal carries a risk for The Huffington Post, which has had none of AOL’s troubles and is widely viewed as a business success with its own unique voice and identity,” write Jeremy Peters and Verne Kopytoff. “Now that it is to become part of a large corporate entity, what becomes of that unique character is an open question.” || Read Arianna’s post about the deal, and the press release. || Kara Swisher interviews Huffington and AOL CEO Tim Armstrong.
> Read Armstrong’s memo to AOLers (Deal “is core to our strategy”)
> Fineman: Possibilities are exciting, responsibilities challenging
> Paul Carr: “For once, I find myself applauding Armstrong”
> Parr: “AOL has catapulted itself back into relevancy”
> Jarvis: Why didn’t a big, old media company buy HuffPo?
> Read what HuffPo, AOL CEOs told analysts in a conference call