24MEDIA invests in HuffPost Greece

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Dimitris Maris media group is the main shareholder of Farosnet

24MEDIA as part of its strategy for further growth and investment in the media industry, announces the acquisition of the majority shareholding of Farosnet, the company that operates HuffPost Greece in partnership with Verizon Media.

HuffPost Greece, with more than 2 million unique visitors, is a news site with 100% primary content and totally different perspective, targeting readers who want to form an integrated opinion about current affairs. Editor in Chief of Huffpost Greece is Antonis Fourlis.

The owner and chairman of 24MEDIA, Mr. Dimitris Maris, stated: "We are very proud and happy that five years after the arrival of HuffPost in Greece with 24MEDIA being the official media partner since then, we invest further in this business project, acquiring the majority stake in Farosnet. HuffPost is one of the most important and most powerful digital media brands worldwide, a case study that has changed many of the rules of the digital publishing industry. Our decision to move towards this investment is totally in line with the Group's growth strategy over the coming years."