HuffPost is reportedly on the auction block

HuffPost is reportedly on the auction block

4 years ago
Anonymous $JavybBYWR5

https://techcrunch.com/2019/10/19/huffpost-is-reportedly-on-the-auction-block/

Late last night the Financial Times reported that HuffPost, arguably one of the crown jewels of Verizon Media Group’s remaining network of media properties (which includes TechCrunch), is up for sale.

Verizon has been shedding media properties in a retreat from the strategy that it had begun to execute with the acquisition of AOL for $4.4 billion back in 2015. Through the AOL deal, then-chief executive Tim Armstrong became the architect of the telecommunications company’s media and advertising strategy.