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Posts Tagged ‘The 11-page document details AOL’s proposed nine-figure purchase of The Huffington Post

Arianna Huffington accused of ripping off HuffPo founders

October 15, 2013

OCTOBER 15–In a new court filing, lawyers for two men suing Arianna Huffington for allegedly denying them credit and cash for their role in the founding of The Huffington Post have made public an internal document detailing exactly what Huffington pocketed following the site’s $315 million purchase by AOL.

Marked “Confidential” and “Attorney’s Eyes Only,” the February 2011 memo was prepared for AOL board members by Tim Armstrong, the company’s chief executive, and Artie Minson, the firm’s former chief operating officer. Armstrong is pictured at right with Huffington.