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Business

HuffPo founder leaving for health startup

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Opening sequence

Business

HuffPo founder leaving for health startup

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00:00:02
>> Arianna Huffington is leaving the news business behind. Announcing Thursday morning, she's leaving the Huffington Post, the left leaning news and curation site she started in 2005. The 66 year old saying she is off to starting a new venture. A health and wellness company called Thrive Global. The move is somewhat unexpected.
00:00:23
Huffington signed a contract in June to remain president and editor-in-chief of the Huffington post through 2019 according to the Wall Street Journal. She had stuck with the site through two sales, first to AOL in 2011 for $315 million, then when AOL was sold to Verizon last year. Huffington's latest contract appearing to cement her position amid new ownership.
00:00:48
But now telling the journal that after securing funding for her new venture, she's unable to manage both gigs. A pioneer in digital journalism, The Huffington Post has also come under fire over the years for its practice of not paying many contributors. And while it draws over 100 million unique visitors a month, the site has yet to turn a profit according to the Journal.