Arianna Huffington is leaving her eponymous online news brainchild to focus on a new venture.
Huffington wants to devote her energies to Thrive Global, a startup that promises to “change the way we work and live by ending the collective delusion that burnout is a necessary price for success”, she said in a Twitter post.
In June, Huffington, 66, who recently wrote books on health and sleep-related issues such as Thrive and The Sleep Revolution, announced the upcoming launch of Thrive Global.
It will offer services to companies to improve the well-being of employees by providing training, seminars, e-courses, coaching and other support, Reuters reports.
It recently closed a Series A funding round ahead of a launch in November.
“As Thrive Global moved from an idea to a reality, with investors, staff, and offices, it became clear to me that I simply couldn’t do justice to both companies,” she said.
Arianna co-founded the Huffington Post in 2005 and quickly moved it to original reporting from news aggregation.
In 2011, AOL bought the company but Huffington stayed on as editor-in-chief, often clashing with AOL chief executive Tim Armstrong over issues such as allocation of resources.
The Huffington Post, which has more than 100 million unique visitors per month, has yet to turn a profit for AOL.
Verizon bought AOL, including its ad technology tools and content brands, such as the Huffington Post and TechCrunch, to make a push into digital media and advertising.
It said last month it would buy Yahoo Inc. for US$4.8 billion.
There was no immediate word on who would succeed Huffington as editor-in-chief.
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