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Verizon scrambling to unload
HuffPost as losses mount

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Posted By: Dreadnought, 9/30/2020 12:23:49 PM

Verizon has been quietly scrambling to unload HuffPost as it grapples with continued losses at the left-leaning news and culture website, The Post has learned. The telecom giant — which acquired the site formerly known as the Huffington Post as part of its $4.4 billion purchase of AOL in 2015 — has approached multiple digital-media companies during the past few months in a bid to get the property off its books as losses accelerate due to the coronavirus, according to sources close to the situation. Verizon has pitched the property to prospective buyers including Thrillist-owner Group Nine Media, Rolling Stone publisher Penske Media Corp., Bustle Digital Media and J2 Global

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Reply 1 - Posted by: Highvoltage 9/30/2020 12:36:06 PM (No. 557468)
Advertise it as manure for flower bids and it will sell better.
16 people like this.

Reply 2 - Posted by: DVC 9/30/2020 1:05:20 PM (No. 557487)
Unionized writers and editors, arguing about "how left they should be". LOL! Never been to Huffington Post, but have heard of it. Stayed away because what I heard was a relentlessly leftist line of propaganda. No thanks, plenty of that manure delivered elsewhere, and I try to avoid the other sources of leftist propaganda, too.
10 people like this.

Reply 3 - Posted by: JustCause 9/30/2020 1:11:08 PM (No. 557490)
FTA: as losses accelerate due to the coronavirus That may be the talking point - but it sure as heck, is not the reason for the losses. MAGA KAG Trump2020/2024 because of the relentless witch-hunt
15 people like this.

Reply 4 - Posted by: jenkinshill 9/30/2020 1:12:51 PM (No. 557492)
My cup of schadenfreude runneth over!
20 people like this.

Reply 5 - Posted by: Hazymac 9/30/2020 1:28:50 PM (No. 557507)
HuffPo's product has always been suspect. Now as people cancel newspaper subscriptions and avoid network news--even Fox News Sunday with Chris Wallace--mainstream media's profitability drops to zero, and willing buyers who aren't in it for vanity [Bezos] aren't interested in purchasing a money sieve. Recently I did my part by canceling my subscription to the hopelessly leftist Tampa Bay Times, and I urge all others who take Democrat dailies to exit. Long term survival of a free America means putting these foolish people out of business. They can't see beyond today.
8 people like this.

Reply 6 - Posted by: Starboard_side 9/30/2020 1:35:06 PM (No. 557511)
I call it the HATE POST
9 people like this.

Reply 7 - Posted by: lakerman1 9/30/2020 1:42:11 PM (No. 557516)
Large, cash rich companies can make remarkably stupid decisions in acquiring other companies. someone bought Blockbuster video for 3 billion dollars, and wound up losing 3 billion dollars, not long thereafter. snapple was purchased by a large beverage company, which took a total loss on it, and essentially gave it back to the original owners, gratis. even the investment geniuses on Shark Tank take relatively big losses, misjudging the potential for a new product or service.
2 people like this.

Reply 8 - Posted by: Philipsonh 9/30/2020 2:32:01 PM (No. 557549)
The Huff Post is not 'left leaning' - It is FAR LEFT and every article contains LIES
13 people like this.

Reply 9 - Posted by: seamusm 9/30/2020 2:44:08 PM (No. 557563)
I don't think ANY of the leftward news outlets whether digital or print are showing any profit. Were it not for Carlos Slim bailing out the NY Times, their stock price might have fallen to nothing a few years back. Finally we see some proof of this and ownership trying to cash out of a losing position.
1 person likes this.

Reply 10 - Posted by: DVC 9/30/2020 2:46:22 PM (No. 557565)
Close it down.
4 people like this.

Reply 11 - Posted by: Rand Al'Thor 9/30/2020 2:54:03 PM (No. 557573)
Buy woke go broke.
10 people like this.

Reply 12 - Posted by: earlybird 9/30/2020 3:03:21 PM (No. 557581)
2 people like this.

Reply 13 - Posted by: MickTurn 9/30/2020 3:21:50 PM (No. 557594)
Another LEFTIE 'Success'! Was it hip deep in manure when you bought it? MORONS!
0 people like this.

Reply 14 - Posted by: tangles 9/30/2020 3:37:40 PM (No. 557612)
Are they gone?
0 people like this.

Reply 15 - Posted by: mc squared 9/30/2020 3:56:04 PM (No. 557626)
So who is the woke genius at Verizon who thought Huff Po would be a good purchase?
1 person likes this.

Reply 16 - Posted by: anniebc 9/30/2020 4:36:29 PM (No. 557644)
This made me chuckle.
1 person likes this.

Reply 17 - Posted by: Omen55 9/30/2020 4:49:50 PM (No. 557654)
Capitalism. Gotta luv it!
0 people like this.

Reply 18 - Posted by: smokincol 9/30/2020 5:20:16 PM (No. 557674)
glad to see that Ariana is heading south and she's not going for the BBQ and fried chicken
0 people like this.

Reply 19 - Posted by: smokincol 9/30/2020 5:23:06 PM (No. 557678)
just remembered: Epoch Times is the only written hews I will read. kicks the crap out of china.
2 people like this.

Reply 20 - Posted by: kono 9/30/2020 5:36:04 PM (No. 557691)
I'm ambivalent about this. While I abhor HuffPo's putrid reporting and would consider it just for nobody to buy them, I'm also a Verizon customer, and I would prefer to be entirely dissociated from HuffPo.
2 people like this.

Reply 21 - Posted by: lazlototh 9/30/2020 5:50:51 PM (No. 557707)
I used to go there to argue when I was in the mood but concluded that arguing with the wall made more sense and had more impact. I'm happy to seem them not doing well.
0 people like this.

Reply 22 - Posted by: Lucky5 9/30/2020 7:08:29 PM (No. 557775)
I have despised Huffpo and Daily Beast for a long time. The world would be a better place without both of those "online" hateful places. Just think Joy Behar. Both sites have her personality.
0 people like this.

Reply 23 - Posted by: JHHolliday 9/30/2020 7:49:16 PM (No. 557810)
HuffPost is digital. Looks like they could survive somehow even as a radical leftist site. Maybe some pinko moron with more money than brains will rescue them.
0 people like this.

Reply 24 - Posted by: Lawsy0 9/30/2020 8:48:09 PM (No. 557841)
I heard by way of radio surfing today that Verizon is a Chinese company now, wholly owned by them. They do a land office business in my area. I use the other communications thug, AT&T. I'm like one of those people who never switch brands from childhood; but all of them are corrupt, so better the devil you know, etc.
0 people like this.

Reply 25 - Posted by: Smart11344 10/1/2020 3:03:12 PM (No. 558730)
0 people like this.

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