AOL Buys Huffington Post for $315 Million

In recent days, AOL paid $315 million for the Huffington Post, one of the Web’s most prominent news and opinion sites.

Huffington Post co-founder Arianna Huffington will assume the role of president and editor in chief of the Huffington Post Media Group within AOL. She, along with investor and well known communications executive Kenneth Lerer, founded the site ? known for its left wing slant ? in 2005.