The Huffington Post Acquires Localocracy
The Huffington Post Media Group has acquired online grassroots company Localocracy. The price of Localocracy was under $1 million according to sources with AllThingsD. The Huffington Post, which hit one billion page views in August, also announced that they were hiring New York Times senior columnist Lisa Belkin.
The Huffington Post is launching four new sections this week – Huff/Post50, HuffPost Gay Voices, HuffPost Weddings, and HuffPost High School. Now the Huffington Post has a grand total of 21 new websites since merging with AOL this past March.
“We want to launch sections for every interest and passion our readers have.” said HuffPost head Arianna Huffington in an interview yesterday. “Whatever your interest, we want to provide the latest content and stories and most advanced tools for engagement.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry