AOL will sell more than 800 patents to Microsoft in exchange for $1.056 billion in cash, the company announced today. The dial-up giant retained patents of 300 “core and strategic” technologies, which it will non-exclusively license to Microsoft in the same deal.
The auction for the patents began last fall, part of the company’s long term plan to “unlock value” for shareholders. The transaction is expected to close by the end of 2012, and the company says it plans to return a significant portion of the proceeds to shareholders.
Meanwhile, WWD caught AOL and Huffington Post editor Arianna Huffington at her book party for Kathy Freston (Ms. Freston introduced Ms. Huffington to her business partner Kenneth Lerer), to find out how she felt about about her growing influence at AOL.
Recapping the Recaps
Feel that buzzing, tingling sound in the part of your brain devoted to recapitulations of things you’ve already seen? Recap season kicked off with the recent return of Community, but now it’s in full swing on occasion of last night’s season premiere of Mad Men, two hours notable mainly for co-star Jessica Paré singing a Read More
(Anti) Social Media
Consider the social media editor: Her background and ambitions are journalistic, but because she possesses the very basic people skills required to navigate social networks, she awakens one morning to discover she’s become a so-called “Twitter monkey.”
Le Huffington Post has found an editorial director in Anne Sinclair, wife of former I.M.F. director turned perp walk all-star Dominique Strauss-Kahn, reports L’Express.
Word reportedly got out because invitations to the site’s launch party on Monday listed Ms. Sinclair as a host. The Huffington Post France, like El Huffington Post, is a collaboration between the AOL-owned blog behemoth and a local paper, in its case, Le Monde.
For every Huffington Post vertical, a bold-face editor-at-large.
The Divorce vertical has Nora Ephron, Huff/Post 50 has Rita Wilson, Business has the economist Simon Johnson, and, as of today, Huffington Post Gay Voices has Michelangelo Signorile, the Sirius XM radio host and author of Queer in America.
In addition to the adding a whole subcategory of front page breaking news catering to their new Zombie readership, The Huffington Post today came out today in what some would call a shocking support of GOP presidential candidate Herman Brains.
The Huffington Post is launching verticals faster than we could dream them up.
Last week the blog portal launched local news verticals for Detroit and Miami and today Arianna Huffington announced a partnership with French news publishers Le Monde Group and Les Nouvelles Editions Indépendantes (“LNEI”) to launch an international spin-off site called Le Huffington Read More
off the record
Is Myles Miller about to become New York’s youngest editor?
The precocious politics beat reporter was recently named associate editor at the Huffington Post, to work on a not-yet-announced HuffPost vertical produced for and by high schoolers.
(A demographic which has been asking Arianna Huffington for a platform.)
As of a month ago Mr. Miller, 17, was a metropolitan correspondent for the International Business Times. Prior to that, he was embedded at City Hall for Examiner.com. And before that he worked for the Daily News while attending the NYC Lab School. He’s covered two presidents for two different news organizations. He’s already mastered the New York media job hop!
The Huffington Post’s editorial credibility was called into question again today when GrubStreet.com reported Marion Nestle had been listed as a co-author for an article about a proposed NYC sugar-sweetened beverage ban. “I was amazed to see it. I don’t recall writing it,” Nestle said on her blog.
The article now Read More
Arianna Huffington has made her triumphant return to the country where she spent her salad days and Huffington Post UK went live this morning.
“In so many ways my time in Britain set the course of my life,” writes Ms. Huffington in her first editor’s note, “I started (and finished) college here. I Read More