You've Got Arianna: AOL Buys Huffington Post for $315 Million in Cash and Stock, Appoints Huffington Editor in Chief

In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites. As part of the deal, Huffington Post co-founder Arianna Huffington–who was derided by some when she co-founded the left-leaning site in 2005 with investor and well-known communications exec Kenneth Lerer–will become editor in chief of a new unit that has purview over all of AOL content properties. The deal was signed just this afternoon.

Plastic Logic Nabs New Funding, Plans Plant in Russia

Plastic Logic, a start-up known for showing off (but not necessarily shipping) advanced e-book readers, said that it has finalized an investment deal to build a factory in Russia.

Demand's Rosenblatt in IPO and M&A Spotlight

This seems to have been a busy week for Demand Media CEO and founder Richard Rosenblatt, with news of a big-banker hiring in a pending IPO of his social media start-up and the possible sale of a digital marketing company where he serves as chairman. What’s next from the energetic digital exec is anybody’s guess.

Demand’s Rosenblatt in IPO and M&A Spotlight

This seems to have been a busy week for Demand Media CEO and founder Richard Rosenblatt, with news of a big-banker hiring in a pending IPO of his social media start-up and the possible sale of a digital marketing company where he serves as chairman. What’s next from the energetic digital exec is anybody’s guess.

Former Yahoo and AOL Ad Exec Coleman Poised to Join the Huffington Post as President

In the ongoing game of Internet exec musical chairs, Greg Coleman, who has been a top exec at both Yahoo and AOL, is poised to become president of the Huffington Post, as well as chief revenue officer, several sources said. The deal for Coleman to come on board at the privately held online news site–which has grown significantly over the last year and just added well-known online media exec Eric Hippeau as CEO–came together only recently.

BoomTown Interviews Arianna, Ken and Eric About Huffington Post Exec Changes: BAM!!

Apparently, if you want to think about the growth of the Huffington Post as a culinary dish, perhaps today’s replacement of CEO Betsy Morgan with longtime online media powerhouse Eric Hippeau might appear under the Emeril Lagasse cooking cliché: Let’s kick it up a notch! Both co-founders of the online media site, Arianna Huffington and Kenneth Lerer, said as much in interviews I did with them–as well as Hippeau–this afternoon. “The deal is that we simply have been growing so fast that we needed more firepower to accelerate in expanding the site and monetizing it,” said Huffington, who is also editor-in-chief of the news site.
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Federated Media Will Search for New Leader Says Founder and CEO Battelle (Plus a Web Squared and Double-D Video!)

John Battelle, the founder, chairman and CEO of Federated Media Publishing, told his staff this morning that he will begin a search for a new top exec to take the company into its next stage of growth. In a post on the FM Web site, Battelle said that he was not leaving the San Francisco-based company and wrote that the new exec–whose title could be CEO–would report to him.
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If Yahoo's Going Social, Is Demand Media Back on Its Dance List?

Last year, Yahoo EVP Hilary Schneider and then-Media Group head Scott Moore had a summery seaside dinner with Demand Media co-founder and CEO Richard Rosenblatt in Santa Monica, Calif., right around the corner from the online publishing company’s HQ. While many speculated that Yahoo could be doing some friendly kibitzing to get a sense of where the eclectic network of general- and special-interest sites was headed, for a possible acquisition, nothing came of it. But now, a year later, with recent indications that a major strategy for new CEO Carol Bartz will finally follow through on making Yahoo’s massive but disparate service more social, especially in its content offerings, several sources close to the company tell me another look-see at Demand is likelier than ever.
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Does Rupert Murdoch Have Kindle Envy? News Corp. Mulls an E-Book Reader Investment.

Here’s yet another fan of the Kindle, Amazon’s much-hyped e-book reader: News Corp. CEO Rupert Murdoch, who likes the device enough that he’s considering investing in a Kindle rival.
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Sarah Palin, Please Come Back! Hulu Traffic Drops in November

File under “interesting, but understandable”: After a flurry of election-related interest in October, traffic to red-hot Hulu fell off in November. Blame Sarah Palin–or the lack of her.