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(Image from article: "Exclusive: Arrington out at AOL (for real this time)")

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Yahoo Close to Hiring Departing AOL Executive

Yahoo is expected soon to hire a new chief of its crucial Americas division from Internet rival AOL Inc., said a person familiar with the matter. Ned Brody, who was the top advertising-sales executive at AOL, has resigned from the post to pursue "other opportunities," AOL said on Thursday in a filing with the Securities and Exchange Commission.

Exclusive: Arrington out at AOL (for real this time)

It has been a very long week for AOL. And it's about to get even longer. Last Thursday, word leaked that one of its employees, TechCrunch founder Michael Arrington, was launching a venture capital fund that would include an $8 million commitment from AOL (AOL). Then came a more official version via the NY Times, which included positive quotes from both Arrington and AOL chief executive Tim Armstrong.

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