NEWS 

Matt Drudge hears Huffpo lost $7 million last year

http://twitter.com/#!/DRUDGE/status/365865483091709953

It has been more than two years since AOL acquired the Huffington Post for $315 million ($65 million more than Jeff Bezos paid for the Washington Post) but the website may still be hemorrhaging cash. At least that’s what Matt Drudge’s sources are telling him.

But look on the bright side. AOL gets to subsidize fine journalism like this:

And this.

We wonder if anyone at AOL realizes it bet on the wrong horse.

Read more: http://twitchy.com/2013/08/10/matt-drudge-hears-huffpo-lost-7-million-last-year/

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