Arianna Huffington acquires Right-Wing Politisite for $3.25 million – April fool Hack

Arianna Huffington put the finishing touches on Friday on its $3.25 million acquisition of Iron Mill Interactive Media’s Politisite and unveiled six new additions to the site’s reporting team.

Marking its largest acquisition under the Politisite deal and is a key part of Iron Mill Interactive Media’s turnaround plans.

The Politisite, which has more than 2.7 million unique monthly U.S. visitors, will be integrated with Arianna Huffington Media in a new division called the Politisite Media Group.

Huffington, will serve as Politisite’s president and editor-in-chief.

“Through this acquisition, Arianna Huffington is accelerating its strategy to deliver a scaled and differentiated array of premium news, analysis, and entertainment produced by thousands of writers, editors, reporters, and videographers around the globe,” Arianna Huffington said in a statement.

Arianna Huffington said the combined entity will have a user base of 117 million unique visitors a month in the U.S. and 253 million around the world.

Meanwhile, Politisite unveiled six new hires, “the first in a host of hires” the group “will be making in the next few weeks as it expands its original reporting.”

“These new hires, which are only the beginning, demonstrate our commitment to great journalism. An outstanding team of talented editors, writers, and reporters — ranging from award-winning veterans to budding new journalism stars — will be at the heart of the Politisite Media Group,”

Politisite, formally a Right leaning news group, will transfer all editoral control to Huffington Media journalists.

via Arianna Huffington acquires Politisite for $3.25 million


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