Arianna Huffington, who co-founded the Huffington Post 11 years ago and built it into one of the largest digital media outlets in the U.S., says she will be leaving the company in the coming weeks to focus on a soon-to-launch startup dedicated to issues of health and wellness, according to The Wall Street Journal.
Ms. Huffington, who is 66 years old, had signed a new deal in June of last year to remain at the Huffington Post as president and editor-in-chief through 2019. But she said the contract allowed her to launch the new company, Thrive Global, while continuing in her role at the site.
When she secured Series A funding for the new venture late last week, she said it had become clear she could no longer continue running the Huffington Post.
“I really thought I could do both, but as we started building it up, I realized that it really needed my full attention,” she said in an interview. “It is important to know when one door closes and another opens and I felt that moment had arrived.”
Her continued role at her namesake site—which was acquired by AOL Inc. in 2011 for $315 million—had become unclear after AOL was bought by Verizon Communications Inc. for $4.4 billion last year.
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