Monday, February 07, 2011

Another reason to hate Time Warner

I've spent the better part of my life boycotting anything Time Warner.

Time Warner has spent the better part of my lifetime selling the lowest common denominator of entertainment/news to the American public.

It doesn't matter if it's producing cop killer, pornographic rap music or a news magazine that makes Pravda look like Fox News. If it's Time Warner, I ain't with it.

For crying out loud, I even had to give up my Sports Illustrated subscription because of their push to make it a left wing sports magazine.

So it just seems like a great fit that AOL buys The Huffington Post.......

AOL Inc has agreed to buy The Huffington Post, the influential and rapidly growing news, analysis and lifestyle website, for $315 million, the struggling U.S. Internet company announced on Monday.

The move will create a media group that will have a combined base of 117 million visitors a month in the United States, and reach 270 million people globally, AOL said in a statement.

The deal follows efforts by AOL’s chief executive Tim Armstrong to turn around the dial-up Internet access business by trying to turn it into a media and entertainment powerhouse, despite difficulties in attracting investors.

AOL suffered sharp declines in advertising sales and dial-up subscriptions in the fourth quarter of 2010, driving overall revenue down 26 percent.

Arianna Huffington, co-founder of The Huffington Post, said on her blog that she would lead a newly formed The Huffington Post Media Group, which will integrate all Huffington Post and AOL content, as its president and editor-in-chief.

I know what you're thinking, Time Warner spun AOL off a couple of years ago. But hey, great commies think alike.


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