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.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.