Verizon scrambling to unload HuffPost as losses mount [telecom]
By Alexandra Steigrad
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.
Posted 5 years ago by Moderator in General Telecommunications Forum
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