DISCUSS: Huffington Post’s sale to AOL
Monday morning greeted media watchers (like this one) with the news the onetime search giant AOL had purchased the Huffington Post for $315 million and placed its namesake, founder and editor Arianna Huffington, at the helm of its editorial operations. While Huffington breathlessly trumpeted the Vulcanesque melding of minds that led to the deal, the pundits hammered away, questioning the viability of AOL’s effort to turn itself into a content shop and the marriage of Huffington’s clearly left-of-center vision with the AOL Way.
The deal comes on the heels of the Federal Communications Commission’s approval of a merger deal between cable giant Comcast and NBC, a consolidation the HuffPo had challenged just a few weeks earlier (a columnist labeled the deal a “Comcastrophe”). Given the dramatic reduction of news sources in recent years and what some see as the one immediate consequence of that deal – Keith Olbermann’s hasty exit from MSNBC – it’s likely that the AOL-HuffPost deal will elicit similar concerns.
We at The Island would love to know what you think. Are you concerned about media consolidation? Do you trust local news generated by big corporations? What do you think will come of the deal, and how might it affect us here in Alameda? Offer us your thoughts in the comments section below.