Huffington Post News
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After more than five years of reporting on school-board meetings and community bake sales, AOL Inc.’s Patch is now at the center of another story: whether the company’s bet on local news can be profitable.
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Banca Monte dei Paschi di Siena SpA, the bailed-out Italian bank embroiled in a fraud probe, proposed removing a limit that caps voting rights at 4 percent as it seeks to attract new investors to boost capital.
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The Huffington Post, the news website owned by AOL Inc., said it plans to start a German- language edition as it seeks to continue its expansion outside the home U.S. market.
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AOL Inc., the digital publisher that owns the Huffington Post and TechCrunch, fell the most in five months after reporting first-quarter profit that missed estimates.
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Jon Brod, chief executive officer of AOL Inc.’s local-news division Patch, is stepping down from the role and will return to AOL Ventures, the investment arm.
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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.
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Demand for Web commercials played alongside video clips is fueling growth at marketing startups, putting such companies as Tremor Video Inc., YuMe Inc. and Adap.tv Inc. on course for initial public offerings this year.
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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.
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AOL Inc. won dismissal of a suit by unpaid bloggers seeking $105 million for their work on the Huffington Post.
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AOL Inc., after buying the Huffington Post website this year to revive sales growth, is accelerating its expansion of local coverage to lure readers interested in campaign news ahead of the 2012 presidential election.
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