Update: Arrington is “not employed by Aol” according to this report quoting a Huffington Post spokesperson. Update 2: Peter Kafka at AllThingsD is reporting that Arrington is indeed an AOL employee, though he no longer works for AOL’s Huffington Post …

Biz Stone, who could already count himself the cofounder of Twitter, a former senior specialist at Google, and a former creative director at Xanga (among other things) can now add one more title to his resume.  This morning, the Huffington …

Things are moving very quickly at AOL these days. Just a month after its announcement, the company has closed its acquisition of The Huffington Post. Along with that announcement comes the addition of some more editorial staff,  including Senior Media Reporter …

Earlier this morning, AOL reported its fourth quarter earnings results, and for shareholders, there’s both good news and bad news.  The good: the company beat most analysts’ expectations.  The bad: a column documenting year-over-year changes is still almost full of double-digit negative numbers.

Indeed, total revenue decreased 26 percent compared to the fourth quarter of 2009, advertising revenue fell by the same amount, and free cash flow plunged by 38 percent, none of which is encouraging.

Earlier this morning, AOL delivered its third-quarter earnings report, and while there were significant problems, the company was able to impress investors.  AOL’s stock is now up 6.05 percent, which is more than a decent way for it to start the day.

That increase is in part due to the fact AOL was able to report $563.5 million in total revenue, even though analysts thought the company would just report $557.0 million.  Also, thanks to the sale of Kayak and ICQ, AOL managed to report $171.6 million in profit – a 132 percent year-over-year jump.

AOL’s current search deal with Google will expire in six and a half months, and although it looks like AOL’s CEO, Tim Armstrong, would prefer to stick with the search giant, his options are supposedly not limited.  Armstrong talked today about how things could go in several directions.

AOL’s current search deal with Google is set to end in December, and when it expires, there’s no guarantee that AOL will stick with the search giant.  Today, AOL CEO Tim Armstrong implied that he’s weighing his options.

The Advertising Council, which is the leading producer of public service announcements in the United States, has unveiled a new site at MyAdCouncil.org. The site is intended to encourage advertising agencies, media companies, and advertisers to expand the reach of their PSAs by using social media platforms.