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One arranged marriage to a Hellenic blogging empress and massive employee cull later, obsolescence-battling internet service AOL finally finds itself facing the music. But despite an 86% tumble in profits, chief executive and content cheerleader Tim Armstrong remains unflappably optimistic about the company's prospects. His plans might be bold, he acknowledges to The New York Times, but they're working! More »
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AOL just bought news site Huffington Post for $315 million—$300 million in cash. HuffPo founder Arianna Huffington will become editor of all AOL "content properties." That sound you just heard was the whole internet going "Whaaaaat?" More »
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