AOL to put its videos on YouTube

AP News
Posted: Oct 01, 2012 3:27 PM

NEW YORK (AP) — AOL Inc. said Monday it will put its videos on YouTube, including content from The Huffington Post, TechCrunch and other brands.

YouTube is the world's largest provider of online video content, and the deal could help AOL make more money from advertisements.

The videos will be organized into 22 channels on YouTube, which is owned by Google Inc.

AOL has been trying to grow its advertising business as its old dial-up Internet service continues to decline, with people signing up for faster services. In the latest quarter, AOL's revenue slid 2 percent to $531.1 million. That was its lowest revenue decline rate in seven years.

Shares of AOL climbed 22 cents to $32.45 in afternoon trading.