Verizon scrambling to unload HuffPost as losses mount

Posted on AllSides September 29th, 2020
From The Right

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...

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https://nypost.com/2020/09/28/verizon-scrambling-to-unload-huffpost-as-losses-mount/

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