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Finally tonight aol is doing a, what joe biden would say, a big deal with huffington post. the struggling media company will pay 300 million in cash, 15 million in stock. and when the deal is finalized, the post's cofounder, arianna huffington, will be in charge of all of aol's editorial content as part of the newly created huffington post media group. she will also have oversight of aol's editorial operations. that includes map quest, movie phone, pop eater, and tech crunch. as the "new york times" reports aol is seeking to brand itself as a serious provider of content and with 25 million mon...

Finally tonight aol is doing a, what joe biden would say, a big deal with huffington post. the struggling media company will pay 300 million in cash, 15 million in stock. and when the deal is finalized, the post's cofounder, arianna huffington, will be in charge of all of aol's editorial content as part of the newly created huffington post media group. she will also have oversight of aol's editorial operations. that includes map quest, movie phone, pop eater, and tech crunch. as the "new york times" reports aol is seeking to brand itself as a serious provider of content and with 25 million mon...

Put it on the economic data. so clearly they're sleepless there at huffington post this morning because they worked on this deal all night long. $315 million. she will be the president. it will be the huffington post media group. >> she's of course the co-founder. what is, who's the real winner out of this whole deal? >> that's interesting. we'll have to see. i mean, at this point they're both saying that they are winners. aol is really trying to, you know, beef up its content. it also has map quest, moviefone. a lot of different brands here. for arianna huffington, in 2005 she started a left ...

We got it. it's in the cler. i'm sending a signal to cut the power. we got him. mr. ross, the police have recovered your tahoe. ♪ sun comin' up. that's the east front of the u.s. capitol where today they're wakin' up a little slower because there was a big wing ding for radio and television correspondents. there you see a shot up 6th avenue toward central park live from the world headquarters of the news corporation and "fox news." good morning, folks. >> like i'm hosting with map quest. (laughter) >> make a right, make a left! 30 degrees latitude.

Not left wing, defining her views-- defining her left wing views to be neither left or right. i think that's a mistake to lose its left wing identity. and pictures of scantily glad models, no ideology one way or the other. >> jon: does the deal say that aol is taking a political stance? >> that's the issue. i mean, a lot of very good websites within the aol empire, even map quest, there could be a political call ration on them. and tech wrun much. most went to michael arends and he's a well-known guy and will he be taking orders from a liberal in new york. >> and she's moving to new york and--...