Home From the Wires AOL expects Huffington Post to turn profit

AOL expects Huffington Post to turn profit

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Monday, December 23, 2013

CNN: The Huffington Post has yet to turn a profit for AOL, falling far short of executive Tim Armstrong's projection at the time of the acquisition three years ago.

Macquarie analyst Ben Schachter said investors gave AOL's content businesses a pass this year because its dial-up Internet subscriber business - where it made its name almost two decades ago - declined at a slower-than-expected rate. Investors were also happy with a special dividend and stock buyback from AOL's $1 billion patent sale to Microsoft Corp.

 

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