Web News: Yahoo!, AOL Monday, October 3, 1:36 PM ET
YHOO) and Walt Disney-owned (NYSE: DIS) ABC News said today they have formed a news and information alliance.
The partnership launched today, with the debut of GoodMorningAmerica.com on Yahoo! and three new, online-first video series with ABC News anchors and correspondents.
Under the agreement, ABC News will be the premier news provider on Yahoo!, and the editorial teams as well as sales organizations will work together.
Yahoo! and ABC noted they reach more than 100 million people in the U.S. each month on PCs, mobile devices and tablets.
Financial terms of the partnership were not disclosed.
Also today, AOL's (NYSE:
AOL) Huffington Post said it has agreed to acquire Localocracy, an online platform for citizens to solve problems in their communities.
Huffington Post also said it has launches several new sites, including a post-50 site, a Gay Voices site, and one for weddings and high schools.
AOL has been working towards becoming an online media company rather than the dial-up internet service it was formerly known as, since its spin-off from Time Warner (NYSE:
For MarketNewsVideo.com, I'm Kristin Bianco.
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