AOL-HuffPo Deal Officially Closes Today–More Big Media Hires Signal New Content Direction Under Arianna

AOL will officially close its $315 million acquisition of the Huffington Post today, sources said, only one month after it was struck. To celebrate, the now-official content head Arianna Huffington will be poaching another clutch of big journalists to add to AOL’s new Huffington Post Media Group unit.

One Time Inc. Casualty: Digital Boss Ned Desmond

Time Inc. still hasn’t figured out exactly how many people the magazine publisher will fire this fall — the 600 number reported earlier this week, we’re told, is a guesstimate. In the meantime there are plenty of high-level org chart changes, like the departure of Ned Desmond, a longtime Time Inc. vet who was most recent title was President of Time Inc. Interactive. Click through to read Time Inc. boss Ann Moore’s goodbye memo.