FROM David Brauer
AOL, the Huffington Post and News in Southern California Internet-access pioneer AOL has been losing customers. Last year, it posed a net loss of almost $800 million. Now, AOL has purchased the Huffington Post . In just five years, the Post has become one of the top ten news sites on the web, with 20 million unique monthly visitors and profits of $30 million last year. The price was $300 million in cash and $15 million in AOL stock. But Arianna Huffington won't go away. She will be president and editor-in-chief of a new group inside AOL, overseeing some 700 editorial employees. The age of the Internet has been cruel to traditional newspapers, and it's caught up with the LA Times, the Orange County Register and suburban dailies including the Daily News. A group of hedge funds now owns most of their assets and the word in the business is "consolidation."
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.