UPDATE: Perhaps this may be the deal with this merger. In our earlier post: FCC Orders Newsrooms to Partner with Soros Funded Non Profits
Using Huffington’s Investigative Fund is part of the FCC requirement in the deal with NBC and Comcast Merger. As they say, follow the money. Now back to our Post.
The only reason I could think of that AOL was paying $315 million which is an absurd amount was that it must come with George’s hefty donations, as well as others. Another search engine hijacked by the left? We now know about Google. The right may have talk radio, the Progressives are taking up the search engines. Which would you rather have?
AOL has agreed to purchase The Huffington Post for $315 million, the two entities announced in a joint news release Monday.
“As part of the transaction, Arianna Huffington, The Huffington Post’s co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content,” the statement said.
The new group will have a combined 117 million unique visitors a month in the United States and 270 million around the world, according to the release, which cited December 2010 data from the marketing research company comScore.
In 2009, the Huffington Post announced the creation of an “Investigative Fund” to do investigative journalism. The hilarity of the HuffPost doing real journalism is illustrated by the fact that almost six weeks later they haven’t produced anything  and by their Z-list celebrities who had previously used a related tag .
And, while the announcements  mentioned the name of the Fund, they didn’t mention the Soros connection: From American Spectator (link):
The program’s startup budget will be $1.75 million. The money will be provided by the Huffington Post and the Atlantic Philanthropies. The Bermuda-based Atlantic Philanthropies is headed by Gara LaMarche, who used to be a vice president of liberal uber-philanthropist George Soros‘s Open Society Institute. LaMarche is a member of Soros’s Democracy Alliance, a billionaires’ club that is organizing to impose socialism on America.