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Journalism effort backed by eBay founder Pierre Omidyar and involving Glenn Greenwald -- the man to whom Edward Snowden leaked many of his NSA documents -- plans to launch its first pub early next week.
The telecommunications giant is selling the assets to Cerberus, but will get a 47 percent stake in the new venture.
The telecom giant wants to push further into the targeted ad business, going face to face with the likes of Google and Facebook.
The search giant did well in ComScore's April tally, but the big story appeared to be growth in visitors to general news sites.
Also: Oodle powering AOL Classifieds; Skimlinks raises an undisclosed amount of funding; and Robert Klapper is the new chief at Insurance.com.