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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Layoffs expected after AOL's Huff Post buy AFP - Saturday, March 5 Send IM Story Print Layoffs expected after AOL's Huff Post buy Slideshow: Full Photo Coverage: Internet Portals & Search Engines NEW YORK (AFP) - – AOL's acquisition of The Huffington Post news and opinion website will trigger layoffs, the Internet company's chief executive Tim Armstrong said Thursday. Armstrong, speaking at the paidContent 2011 conference here, did not indicate exactly how many people he expected would lose their jobs following the $315 million purchase of The Huffington Post or where they were currently working. "My guess is there will be (layoffs)," Armstrong said in an appearance alongside The Huffington Post's founder Arianna Huffington. "There's no way around it for us and we just have to do it thoughtfully and carefully." Armstrong also said AOL's acquisition would result in around $20 million in synergies between the organizations. The Huffington Post buy was the latest high-profile purchase by Armstrong, who joined AOL from Google two years ago in an attempt to turn around a company whose name has become synonymous with the dotcom era's excesses. In September, AOL purchased TechCrunch, a leading Silicon Valley technology blog. Other AOL properties include Engadget, Patch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog and StyleList. Huffington, whose personality and star-studded address book have been key to her site's success, was asked about The Huffington Post's controversial policy of using material from unpaid bloggers. "The people who make that criticism completely fail to understand the sea change that has happened -- self-expression has become a tremendous source of fulfillment and entertainment for people," she said. "We're getting literally hundreds of submissions a day... One thing we have to do is hire more blog editors because it's overwhelming." The Huffington Post has attracted a strong following -- nearly 25 million unique visitors a month -- to its lively mix of news, entertainment, opinion and blogs submitted by academics, entertainment figures and politicians. Aside from the high-profile celebrities, thousands of ordinary writers have also contributed to the site since its launch in 2005, most of them for free. Huffington said she currently employs 143 editors and reporters "who are very well paid -- market rates and above -- with great benefits." "These are the professional journalists we're paying," she added. AOL, formerly known as America Online, fused with Time Warner in 2001 at the height of the dotcom boom in what is considered one of the most disastrous mergers ever. It was spun off by Time Warner in December into an independent company. Recommend Send IM Story Print Related Articles Libyan Internet service cut again: monitors AFP - 1 hour 58 minutes ago Orange denies Tunisia corruption allegations AFP - 2 hours 38 minutes ago US-TECH Summary Reuters - Saturday, March 5 CBS acquires Web video guide, hires the top exec Reuters - Saturday, March 5 FT exec urges publishers to charge for web content AFP - Saturday, March 5 News Search Top Stories Fall in US unemployment sparks optimism Merkel and EU conservatives hashing out debt limit pact Libya: live report Euro-socialists call for lower EU loan rates NASA Earth observation satellite fails to reach orbit More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » ADVERTISEMENT Most Popular Most Viewed World's sixth mass extinction may be underway: study Young Mexican female police chief seeks US asylum Libya live report Mubarak ally quits as Egyptian PM World can handle choked oil supplies: Geithner More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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