Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
HuffPost has a new owner, with its current parent company Verizon Media reaching an agreement to sell the site to BuzzFeed.
Verizon Media is also making an investment in BuzzFeed and becoming a minority shareholder in the digital media company.
“I have vivid memories of growing HuffPost into a major news outlet in its early years, but BuzzFeed is making this acquisition because we believe in the future of HuffPost and the potential it has to continue to define the media landscape for years to come,” Peretti said in a statement.
The acquisition was seen a major move into the world of journalism and digital media, but there have been a series of corporate changes since then, with AOL subsequently acquired by Verizon, Verizon also acquiring Yahoo then rebranding the combined organization first as Oath and then as Verizon Media (which still owns TechCrunch).
Last year, Verizon Media Guru Gowrappan said that the company was “not selling HuffPost” because it was “so core to our content.