...and turns control of its own news gathering operations to Arianna Huffington.
Arianna Huffington, the cable talk show pundit, author and doyenne of the political left, will take control of all of AOL’s editorial content as president and editor in chief of a newly created Huffington Post Media Group. The arrangement will give her oversight not only of AOL’s national, local and financial news operations, but also of the company’s other media enterprises like MapQuest and Moviefone.
As I recall, the Huff Po was about one year away from shutting its doors for lack of funding. Her left wing boutique wasn't paying its own way, under her leadership. Now she will steer the ship of AOL's news gathering operations?
A word to the wise... if you have AOL stock: Sell.
Cross posted at Proof Positive