The Circuit: AOL acquires The Huffington Post, USF reform, Egypt to release Google exec.,
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.
| February 7, 2011; 8:19 AM ET
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