AOL executive Tim Armstrong last week publicly worried about how ObamaCare is impacting his company, but only CBS highlighted this complaint. NBC, instead, focused solely on his "outrageous" comments about how seriously ill babies have impacted AOL's 401k plan. ObamaCare went unmentioned.
In a CNBC interview on Friday, Armstrong explained why the company would cut retirement benefits: "As a CEO and as a management team, we have to decide: Do we pass the $7.1 million of Obamacare cost to our employees? Or do we try to eat as much of that as possible and cut benefits?" On Monday's CBS This Morning, co-host Charlie Rose wondered, "Are a lot of CEOs concerned about the cost of Obamacare? " Pollster Frank Lutz appeared and retorted, "Almost every one I deal with." [See video below. MP3 audio here.]
Media critics, decidedly un-conservative for the most part, are piling on Arianna-OL in the wake of what is increasingly being seen as a disastrous merger. Don't blame the right, this is coming from Poynter, MediaBistro, Business Insider and elsewhere, Forbes being perhaps the only "conservative" outlet.
Four months ago, when AOL chairman Tim Armstrong needed something to revitalize his news department, he found what he thought was his savior in the Huffington Post. The popular news site already had three things that AOL hadn’t been able to previously accomplish: a clear editorial voice, continued and growing traffic growth, and deep engagement from its users. Although AOL had executed a series of bad mergers and new product launches in recent years, Armstrong pushed forward, forking over $300 million dollars into the coffers of the far left Arianna Huffington and her initial investors.