A year ago, AOL chief executive officer Tim Armstrong eagerly waited on the altar for his bride Arianna Huffington. Her dowry was Huffington Post. He courted her with a $315 million pay-out. Few brides, even celebrity ones, have had the deal sealed with such big numbers. At the time, AOL's unique visitors totaled 78.9 million.
Today, a year after, reports the NEW YORK NEWSand linked to by the influential Mediabistro.com, the total is down to 73.6 million (Source: Nielsen). This is being released just before AOL announces its earning on February 1 and the investment community's eyes will be on it.
There is also another constituency who should be mighty interested in the health and welfare of AOL. That's the writer. Some writers such as Lisa Belkin left prestigious positions at Establishment media. At THE NEW YORK TIMES, Belkin had been authoring the Mommy blog "Motherlode." She was doing well enough in that role to attract the attention of Huffington Post. The rest is history and one lawsuit by THE NEW YORK TIMES against Huffington Post et al. for naming its own new blog "Parentlode." The suit was settled. Huffington Post dropped the name "Parentlode." Belkin is blogging. But we wonder for how much longer.
The situation could be fragile for many of the writers hired by Huffington Post. For example, the corporation could be purchased by a private equity firm which implements a new strategy. That might not include so much original content. The business model could be that of an aggregator like the wildly successful and enduring Drudge Report.
A purge could add to the glut of the content providers already out here and finally getting on our feet after the twin assaults of technology and widescale layoffs in journalism. For this reason, we writers wish AOL well.
Full disclosure. I had been a contract blogger for AOL. Recently, Huffington Post linked to a feature I published with INDIE READER on how to promote books via ecommerce.