New Media is about to meet Old Media. But not in the way you’d think.AOL is about to launch a politics site, hiring well-respected political journalists to do reporting and analysis, and thus moving the Time Warner division more aggressively toward becoming a producer of traditional news.
The site's top editor will be Melinda Henneberger, who has been on staff at The New York Times, Newsweek and, most recently, Slate. Henneberger told TheWrap that the launch will take place in April, "pegged to Obama's first 100 days in office."
"AOL is investing in a big way in news and in old school journalism," Henneberger said. The goal is "quality news sites that have zero aggregation, original content, that pay writers a living wage, and that pay bloggers." [Click for MORE]
Murdoch, Microsoft
matter said Wednesday. But Microsoft is recrafting its assault plan by talking with Rupert Murdoch's News Corp., publisher of The Wall Street Journal, about
mounting a joint bid for Yahoo, people familiar with the matter said. Microsoft and News Corp. have yet to reach an agreement on joining forces but one person apprised of the plan described the discussions as 
serious. Such a deal would combine three of the biggest Internet properties: News Corp.'s MySpace, Microsoft's MSN and Yahoo. [Click for MORE]
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