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Posted at 8:19 AM ET, 02/ 7/2011

The Circuit: AOL acquires The Huffington Post, USF reform, Egypt to release Google exec.,

By Hayley Tsukayama

LEADING THE DAY: AOL has acquired the Huffington Post, for $315 million. The online news site's founder, Ariana Huffington, will head up the Huffington Post AOL Media Group, including AOL's local news venture Patch.com. Huffington and AOL chairman and chief executive Tim Armstrong signed the deal at the Super Bowl.

FCC to vote on comments for USF reform: The Federal Communications Commission will vote to take comments on Universal Service Fund reform this Tuesday. The commission has long been discussing how best to reform and modernize the USF. "Broadband serves the same role in the 21st century that telephone service served in the 20th century,"said FCC Chairman Julius Genachowski. "So we need to modernize this program."

Egypt to release Google executive: Google executive Wael Ghoneim will reportedly be released Monday afternoon. Ghonim, a Google marketing manager, participated in the protests in Egypt and was reported missing on Jan. 27. It is believed he has been detained in secret since his disappearance. Ghonim has been an unofficial spokesman for the protesters in Egypt. His family has reportedly received phone calls saying Ghonim is "being taught a lessons," according to CBS News.

Domain land grab: The race for domain names is on. The Washington Post reported that the Internet Corporation for Assigned Names and Numbers (ICANN) is bracing itself for the upcoming rush on custom subject-specific domain suffixes such as .eco, .sport and .love. Applying for one of these custom suffixes costs $185,000, which doesn't include the $25,000 annual fee domain operators must pay ICANN.

Alcatel-Lucent announces lightradio: Alcatel-Lucent announced it has teamed up with Freescale for an initiative that it says will make a faster, better, more attractive network of cell towers. Using antenna cubes made by Bell Labs, Alcatel-Lucent says it can serve 2G, 3G and LTE systems on the same antenna.

By Hayley Tsukayama  | February 7, 2011; 8:19 AM ET
 
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Next: Google Egypt exec released, tweets his opposition of ruling party

Comments

After having been an AOL subscriber since about 1995, I refuse to be subjected to the Huffington Post's ultra liberal, nasty politics. Nor will I put a dime in Adrianna Huffington's pocket. I will be canceling my subscription to AOL.

Posted by: JZGA | February 7, 2011 10:19 AM | Report abuse

Huffington Post: Fooling naive, idealistic idiots for years.

I bet too they won't be mad that they got scammed into being bought by a "big bad evil corporation" LOL.

Posted by: Cryos | February 7, 2011 12:00 PM | Report abuse

Financially, the merger puts a lot of money into the pockets of Arianna and her investors. But from a business perspective it remains to be seen whether the merger makes sense. If it were up to me I'd drop the AOL name altogether.

Posted by: billeisen1 | February 7, 2011 7:32 PM | Report abuse

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