FROM Martin Langeveld
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.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.