AOL to buy leading blog company

http://news.bbc.co.uk/2/hi/business/4318732.stm

AOL, the world's largest internet services provider, has agreed to buy
leading web journal firm Weblogs Inc.
The deal will add 85 new websites to AOL's network, including
contributions from more than 100 freelance bloggers.

The agreement, which is expected to be completed next week, will turn
Weblogs into a subsidiary of AOL, but with full editorial control and
independence.

AOL has not said how much it will pay, but unnamed sources told news
agencies the deal was worth $25m (£14.1m).

'Citizen media'

Weblogs is one of the more successful attempts to bring together a
stable of individual blogs in order to attract mainstream advertising,
analysts say.

It includes consumer technology blog Engadget, rated by blog search
and indexing site Technorati as the third most popular web journal in
terms of links from other sites.

Weblogs chief executive and co-founder Jason Calacanis described the
tie-up as "a milestone in the development of citizen media".

The deal is AOL's third acquisition in three months, after it bought
software company Wildseed and online data storage firm Xdrive in
August.

AOL has 21 million subscribers in the US, with a further six million
in the UK, France and Germany through AOL Europe.

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Paul wrote:

AOL has 21 million subscribers in the US, with a further six million
in the UK, France and Germany through AOL Europe.
Unfortunately they are largely on dial-up phone lines, in the next

couple of years those people are going to wake up and smell the coffee.

Anyways I thought MSN was merging with AOL?