The Huffington Post, the news site that began in 2005, will post its first annual profit this year and aims to keep sales rising as it turns readers into pundits, founder Arianna Huffington said in an interview.
AOL Inc . agreed to buy the Huffington Post for $315 million as the Internet company spun off from Time Warner Inc. increases its investments in online content to help revive growth in advertising revenue.
AOL Inc.’s Huffington Post unit plans to create live online programming later this year on the Huffington Post and AOL websites and on televisions via Sony Inc.’s PlayStation and devices from Roku Inc. and Boxee Inc.
Alan Patricof’s investment in America Online when it was a startup in the early 1980s came full circle when AOL Inc. said yesterday it was acquiring the Huffington Post, another one of his ventures, for $315 million.