CTO Cahall Out–As AOL Buys a Video Platform Company for $36.5 Million and Opens NY Tech Center (Press Releases, Memos–Natch!)

While AOL denied a report last week suggesting that CTO Ted Cahall is leaving, he actually is, um, leaving. Oops! Perhaps to defocus from the CTO-is-not-leaving-oh-yes-he-is snafu, AOL also announced the acquisition of StudioNow, a video creation and distribution platform, as well as the opening of a new tech center in New York, helmed by Jeff Reynar.