Arianna Huffington announced on Thursday that she is stepping down as editor in chief of The Huffington Post, the website she founded 11 years ago and sold in 2011 to AOL for $315 million. “I thought HuffPost would be my last act,” the media mogul posted on Twitter Thursday morning. “But I’ve decided to step down as HuffPost’s editor-in-chief to run my new venture, Thrive Global.”
She had recently signed on to stay in her role at HuffPost through 2019, but after securing a round of funding for her new startup, which will focus on helping people create and maintain healthy lifestyles, Huffington said she realized she couldn’t do both jobs and still be faithful to the mission of her new venture. “I really thought I could do both, but as we started building it up, I realized that it really needed my full attention,” she told The Wall Street Journal in an interview. “It is important to know when one door closes and another opens and I felt that moment had arrived.”
Huffington founded HuffPost as a liberal news aggregation website in 2005 — an alternative to The Drudge Report. It quickly took off and become a giant in the digital media landscape before being snapped up by AOL six years later. HuffPost breathed new life into AOL, an aging internet pioneer, at the time. In 2015, AOL was sold to Verizon, which also recently purchased Yahoo, another aging internet giant. Huffington’s Thrive Global will officially launch in November. Thursday’s news caught the eye of Women in the World founder Tina Brown, who congratulated her with a post on Twitter.
Read the full story at The Wall Street Journal.