AOL to Purchase The Patriot Post
According to insiders, AOL’s next target for acquisition is The Patriot Post. On the heels of AOL’s $315 million purchase of the Leftist news and opinion site The Huffington Post, there is speculation that AOL Chief Executive Officer Tim Armstrong’s board of directors has authorized him to offer $425 million for The Patriot Post.
Armstrong notes, “With our traffic dropping like a polished stone and major losses at our media properties, we believe that the acquisition of both The Huffington Post and The Patriot Post will provide us with the ability to control the Internet’s giants on both ends of the spectrum of public opinion in the U.S. market. This will be good for AOL and good for the fundamental transformation of the United States of America.”
Responding to the offer, Mark Alexander, Publisher of The Patriot Post, noted, “This must be April Fool’s Day!”
We hope our readers will understand.
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