AOL Buys Web Advertising Firm

22 May 2006

   DULLES, VIRGINIA - Time Warner's AOL internet unit has acquired privately-held online advertising company Lightningcast in a bid to expand its web advertising network.
   The Washington DC-headquartered business specializes in inserting video and audio advertising into video segments that air over high-speed internet connections.
   Financial terms were not disclosed. AOL has purchased seven companies to bolster its online entertainment and advertising business since August 2005.