IAC hands over 236.com joint venture
The comedy site was created as a collaboration between IAC and the Huffington Post. Now it'll become a wholly owned Huffington Post property and be rebranded in the process.
236.com, a comedy site developed as a joint venture between liberal news site The Huffington Post and Barry Diller's IAC/InterActiveCorp, will be a joint venture no more. The site will become a Huffington Post subsidiary and is slated to be re-branded as "Huffington Post Comedy." Financial terms were not disclosed.
"After a successful first year as a standalone comedy site we are excited to bring 236 into The Huffington Post as we launch our comedy vertical," Huffington Post co-founder and namesake Arianna Huffington said in a release Tuesday. "We look forward to creating a section that serves not only as a one-stop-shop for humor with a satirical take on the news but a spirited community for all comedy lovers."
Reports surfaced in December that IAC was, 236.com possibly among them.
Though it began as a political news site, the Huffington Postto broaden its coverage. The "Comedy" section created from 236.com will join sections like entertainment, media, and " " news.
The Huffington Postin December.