Posts Tagged ‘AOL’

The HuffPo slaves are revolting

Wednesday, April 13th, 2011

The 6,000 bloggers who write for free for the HuffPo aren’t too happy that ZsaZsa gets $100 million while they get nothing, even when the bloggers contribute voluntarily, unpaid, out of their own free will,
AOL, Arianna Huffington Hit with Class Action Suit

Today, a group of bloggers led by union organizer and journalist Jonathan Tasini filed a class-action suit against the Huffington Post, founderArianna Huffington, and AOL, which acquired the news-and-blogs site in February.

Tasini, the lead plaintiff, has been a blogger for Huffpo since December 2005, when the site was just seven months old. According to his blogger page, however, he stopped posting on February 10, three days after the purchase of the site by AOL was announced. I emailed him for more information about the suit; he responded by inviting me to participate in a telephone press conference. (Update: On the call this morning, Tasinivowed to make Huffington “a pariah in the progressive community” and said his goal is to set a precedent that writers must share in the value they create.)

Their lawsuit is based on unjust enrichment. As a nice bonus, they get to claim victimhood – self-imposed victimhood, the best kind.

Little Miss Attila watches The HuffPo Wars as Spectactor Sport while Stacy lets the scorn flow,

There is no bad outcome possible. Either:

A. HuffPo is required to fork over millions of dollars to these crybaby free-bloggers; or

B. The crybaby free-bloggers, who are all a bunch of left-wing idiots, get screwed raw.

What’s not to like here? Legally, I don’t think the crybabies have a leg to stand on, but at least they’re forcing HuffPo to hire lawyers to defend against this nuisance suit. And while I think HuffPo will ultimately prevail — where’s the fine-print contractual agreement that obligates anybody to pay a dime to these free-blogging losers? — the biggest payoff will be in disabusing ex-HuffPosters of their idealistic notions that they were part of a  ”progressive community.” Here’s my message to the HuffPo crybabies:

WAKE THE HELL UP, YOU DUMMIES!

The “progressive community” was never anything but a three-card monte hustle. The only requirement for membership in the “progressive community” is sufficient naivete to believe that your volunteer efforts accomplish anything other than enhancing the wealth, power and status of your so-called “leaders.”

How the World Works (via NewsBusters) has a longer explanation,

Unjust enrichment, you say? As in, unfair?

Face it guys, if life was fair Arianna/ZsaZsa would be working at the Athens IHOP.

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It’s good being Zsa-Zsa

Friday, April 1st, 2011

Further proof that life isn’t fair:

For this she gets paid $100 million.

The April Fool’s joke is on AOL’s stockholders.

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Where did AOL come up with $315 million?

Monday, February 7th, 2011

Betting on News, AOL Is Buying The Huffington Post (emphasis added)

The Huffington Post, which began in 2005 with a meager $1 million investment and has grown into one of the most heavily visited news Web sites in the country, is being acquired by AOL in a deal that creates an unlikely pairing of two online media giants.

The two companies completed the sale Sunday evening and announced the deal just after midnight on Monday. AOL will pay $315 million, $300 million of it in cash and the rest in stock. It will be the company’s largest acquisition since it was separated from Time Warner in 2009.

AOL is not the most solid company around; it’s laid off thousands of employees, shows no profit and pays no dividends. It has 106 million shares outstanding, currently trading at $21.39 (down since the announcement of the purchase) in the NASDAQ, and this deal will cost $3 per share outstanding.

HuffPo is not publicly traded.

So, my question is, Where did AOL come up with $315 million?

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