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AOL To Buy Huffington Post For $315 Million

Arianna Huffington will be named president and editor-in-chief of The Huffington Post Media Group, which will integrate all Huffington Post and AOL content.

AFP/AlterNet

February 6, 2011 |
WASHINGTON — US Internet provider AOL will buy The Huffington Post, a rapidly growing news website with nearly 25 million monthly visitors, for $315 million, the company announced Monday.

Approximately $300 million will be paid in cash, it said.

The Huffington Post is privately owned, but the proposed transaction is subject to government approvals.

The boards of directors of each company and shareholders of The Huffington Post have approved the transaction, expected to close in the late first- or early second-quarter of 2011, the announcement said.

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New Report Exposes Media Love Affair with Right-Wingers and the Fox News Worldview: ‘Reporters Can’t Get Enough’

The Right’s messaging isn’t confined to the conservative media.
December 25, 2010  |  
Forget about fake moon landings and Obama’s birth certificate. The most enduring unfounded conspiracy theory in America is that our institutions of knowledge – the media, the academy and even science — are biased in favor of liberals.
The national media is based in large urban centers, so it should come as no surprise that conservatives would rarely see their views on strictly social issues well represented. But on matters of substance, we are talking about a corporate-owned media that pushes relentlessly for “free trade” deals, foreign wars and fiscal “austerity.” 

In my book, The Fifteen Biggest Lies About the Economy, I discuss how, beginning in the early 1970s, a number of wealthy conservative donors have invested in the development of what I call a parallel “intellectual infrastructure,” ostensibly designed to counter the liberal bias they saw all around them. They funded dozens of corporate-backed think tanks, endowed academic chairs, and created their own dedicated and distinctly conservative media outlets.

But the Right’s messaging isn’t confined to the conservative media, in part because of the relentless pressure on newsrooms from conservative activists – it’s an example of “working the refs.”

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