AOL Says HuffPo Will Be a $50 Million Business This Year
Ahead of an investors’ conference call, AOL has laid out its financial expectations for its newest acquisition: It thinks the Huffington Post will earn $10 million on sales of “over $50 million” in 2011. It also says it will spend around $20 million on “restructuring charges” due to “cost overlap” stemming from the deal, i.e.: There are some cuts coming.
