AOL increased its social and tech web
At midnight, AOL announced that it will buy the Huffington Post for $315 million. Below is the internal memo AOL CEO Tim Armstrong sent to all AOL employees (except us, they don’t trust us with anything) about the transaction. In between the corporate speak, he points out that a combined AOL and Huffington Post will have 117 million unduplicated unique visitors per month in the U.S., and outlines the new organizational structure with Arianna Huffington as Editor In Chief of all of AOL’s media properties, including TechCrunch. AOL exec Jon Brod will be overseeing the integration from an operational perspective on the AOL side.
Wow… wait…wait… Michael Arrington, the Techcrunch founder will let the Techcrunch editorial controls to someone else. Luckily it’s not anyone, Arianna Huffington will certainly have the shoulders to control these leaders of information technology web.
