Arianna Huffington Signs Four-Year Deal to Remain at Huff Post
The timing of the renewal arrives less than a month after Verizon unveiled an agreement to acquire AOL, which owns Huff Post, for roughly $4.4 billion.
Arianna Huffington isn't leaving her publication anytime soon.
The media mogul said in a note to Huffington Post staff on Thursday that she has agreed to a new four-year deal to remain at the company.
"I’m excited to let you know that I have just signed another 4-year contract to remain Chair, President and Editor-in-Chief of The Huffington Post," Huffington wrote. "After all my meetings and conversations with [AOL CEO] Tim [Armstrong] and the Verizon leadership, I am convinced that we will have both the editorial independence and the additional resources that will allow HuffPost to lead the global media platform shift to mobile and video."
The timing of the renewal arrives less than a month after Verizon unveiled an agreement to acquire AOL for roughly $4.4 billion, raising questions about the future of Huff Post.
The site, which claims over 200 million unique visitors as recently as January, per comScore figures, has been subject to speculation about its value to the telecom company. Multiple reports floated the possibility of a sale or spinoff after the acquisition plans were announced.
CNN Money first reported the memo from Huffington.
In the Thursday note, the co-founder of the publication reiterated a commitment to expanding operations worldwide, as it has done aggressively over the past several years with local language editions. Notably, in Jan. 2014 the company partnered with Berggruen Institute on Governance to launch a global edition of its site titled The World Post.
"With input from our newsroom and our tech and business leaders, we have a detailed plan to execute our vision and build on our core mission of informing, inspiring, entertaining and empowering audiences around the world," Huffington wrote. "That means continuing our global expansion, investing dramatically in video production and distribution, and scaling our investment in technology and in our open platform."