I’ve never been able to work myself up over media-ownership-changing-hands stories. The sale of the Huffington Post to AOL for $315 million (about $300 million in cash) is great news for founder Arianna Huffington and partner Ken Lerner, who started the news reporting-and-analysis site in ’05. A huge profit for them and a major content acquisition for AOL CEO Tim Armstrong — terrific. I’m not sure what there is to say beyond what I already have.
MSN’s James Rocchi has tweeted that the purchase is ‘idiotic and shameful” and that Huffington is “a horrible, no-talent sharecropper who’s built a shabby empire out of ego.” MCN’ David Poland has tweeted that “news organizations of size cannot be supported wholly by web advertising. Why do so many want to believe the fantasy [that they can]?”