https://www.ft.com/content/6e80c144-f1fb...67d8281195

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https://www.ft.com/content/6e80c144-f1fb...67d8281195

Verizon is sounding out potential buyers for the HuffPost website, in the latest phase of the US telecoms group’s retreat from the digital media business.

In recent weeks Verizon has raised a HuffPost sale with potential acquirers, according to two people familiar with the discussions. No formal sale process has been launched and talks remain at an early stage.

A spokesperson for Verizon said: “We don’t comment on rumours and speculation.”

The attempt to sell the progressive news site is a sign of how Verizon is continuing to slim down the family of dotcom businesses it amassed with the costly acquisition of Yahoo and AOL, assets it wrote down by almost $5bn earlier this year. Last month Verizon sold Tumblr for a reported “nominal” amount, after buying the social network for $1.1bn in 2013. 

Verizon formed its media division from the merger of AOL, which Verizon bought for $4.4bn in 2015, and Yahoo, which it paid $4.5bn in 2017. At the time Tim Armstrong, the former AOL chief executive who pioneered the digital strategy, said the tie-up would create “the best company for consumer media”.

Since the time of the deal, digital media groups once hailed as the future of the news business have struggled to meet the sky-high expectations for the sector, especially as online advertising revenues have been swallowed up by Google and Facebook. 

Some companies such as Rookie have closed while newsrooms at HuffPost, BuzzFeed, Vice and Vox have faced job cuts. Consolidation has swept the sector as financially-strapped digital media groups seek scale. In just the past month Vice Media acquired Refinery29, the women-focused millennial website, while Group Nine bought PopSugar and Vox acquired New York Media, owner of the namesake magazine. 

The Huffington Post, a liberal news site founded in 2005 by a group of publishers including Arianna Huffington, was bought by AOL for $315m in 2011. It operates across more than a dozen countries through licensing agreements. 

In January Verizon announced that it would reduce the staff numbers at its digital media division by around 7 per cent, cutting about 800 jobs, including some at HuffPost. The news website also closed its German arm, HuffPost Deutschland, in March.

It's almost like constantly pushing a leftist agenda is not popular with most people. Its amazing to me that they refuse to understand that THEY are in an echo chamber and they are a tiny minority.
We've seen this before and we'll keep seeing it. Many of the far left propaganda outlets are failing rapidly as its shown they don't have a viable business model and have been operating solely off VC while they pay upper middle class millennial 'journalist graduates' upwards towards 6 figures to write complete garbage that appeals to their cognitive biases.

There's your chance Red. You'll be rich and not even do any work, just copy what the MSM prints and says.

(10-20-2019 06:54 PM)olliebaba Wrote:  There's your chance Red. You'll be rich and not even do any work, just copy what the MSM prints and says.

tommie commie should eat this up along with his 9 to 5 vaginal cramps....

it's quite amusing a cat can post during work hrs. and never any other time...


that's all the fk I need to know why he's nothing but sig line 4....

Trump should buy it just for laughs.

(10-20-2019 05:44 PM)q5sys Wrote:  https://www.ft.com/content/6e80c144-f1fb...67d8281195

Quote: Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/6e80c144-f1fb...67d8281195

Verizon is sounding out potential buyers for the HuffPost website, in the latest phase of the US telecoms group’s retreat from the digital media business.

In recent weeks Verizon has raised a HuffPost sale with potential acquirers, according to two people familiar with the discussions. No formal sale process has been launched and talks remain at an early stage.

A spokesperson for Verizon said: “We don’t comment on rumours and speculation.”

The attempt to sell the progressive news site is a sign of how Verizon is continuing to slim down the family of dotcom businesses it amassed with the costly acquisition of Yahoo and AOL, assets it wrote down by almost $5bn earlier this year. Last month Verizon sold Tumblr for a reported “nominal” amount, after buying the social network for $1.1bn in 2013. 

Verizon formed its media division from the merger of AOL, which Verizon bought for $4.4bn in 2015, and Yahoo, which it paid $4.5bn in 2017. At the time Tim Armstrong, the former AOL chief executive who pioneered the digital strategy, said the tie-up would create “the best company for consumer media”.

Since the time of the deal, digital media groups once hailed as the future of the news business have struggled to meet the sky-high expectations for the sector, especially as online advertising revenues have been swallowed up by Google and Facebook. 

Some companies such as Rookie have closed while newsrooms at HuffPost, BuzzFeed, Vice and Vox have faced job cuts. Consolidation has swept the sector as financially-strapped digital media groups seek scale. In just the past month Vice Media acquired Refinery29, the women-focused millennial website, while Group Nine bought PopSugar and Vox acquired New York Media, owner of the namesake magazine. 

The Huffington Post, a liberal news site founded in 2005 by a group of publishers including Arianna Huffington, was bought by AOL for $315m in 2011. It operates across more than a dozen countries through licensing agreements. 

In January Verizon announced that it would reduce the staff numbers at its digital media division by around 7 per cent, cutting about 800 jobs, including some at HuffPost. The news website also closed its German arm, HuffPost Deutschland, in March.

It's almost like constantly pushing a leftist agenda is not popular with most people. Its amazing to me that they refuse to understand that THEY are in an echo chamber and they are a tiny minority.
We've seen this before and we'll keep seeing it. Many of the far left propaganda outlets are failing rapidly as its shown they don't have a viable business model and have been operating solely off FC while they pay upper middle class millennial 'journalist graduates' upwards towards 6 figures to write complete garbage that appeals to their cognitive biases.

FC?

Quote:Last month Verizon sold Tumblr for a reported “nominal” amount, after buying the social network for $1.1bn in 2013.

Ouch.

Quote:The Huffington Post, a liberal news site founded in 2005 by a group of publishers including Arianna Huffington, was bought by AOL for $315m in 2011.

I’ll bid twenty dollars. Ask Verizon’s lawyers to PM me here at csnbbs

Quote:It's almost like constantly pushing a leftist agenda is not popular with most people.

That’s true as far as it goes, I guess. But to me, being “not popular” doesn’t fully explain how these companies are losing so much money. What they need to understand is that people are not going to pay good money for something (in this case, progressive/Left “Hot takes” on the issues of the day) they can get for free from just about anywhere in media.

(10-21-2019 06:34 AM)Native Georgian Wrote:  

Quote:Last month Verizon sold Tumblr for a reported “nominal” amount, after buying the social network for $1.1bn in 2013.

Ouch.

Quote:The Huffington Post, a liberal news site founded in 2005 by a group of publishers including Arianna Huffington, was bought by AOL for $315m in 2011.

I’ll bid twenty dollars. Ask Verizon’s lawyers to PM me here at csnbbs

Quote:It's almost like constantly pushing a leftist agenda is not popular with most people.

That’s true as far as it goes, I guess. But to me, being “not popular” doesn’t fully explain how these companies are losing so much money. What they need to understand is that people are not going to pay good money for something (in this case, progressive/Left “Hot takes” on the issues of the day) they can get for free from just about anywhere in media.

lol...

#shatteredDreams

(10-21-2019 06:14 AM)TigerBlue4Ever Wrote:  FC?

That was a typo. I meant to type VC (Venture capital).

(10-20-2019 06:54 PM)olliebaba Wrote:  There's your chance Red. You'll be rich and not even do any work, just copy what the MSM prints and says.

Think he works now??