AOL Begins Three-Year Sponsorship In MIT’s Media Lab

AOL (NYSE: AOL) has signed up for a three-year, $200,000 “consortium sponsorship” of the MIT Media Lab. After reorganizing its advertising and content units over the past few months, AOL is now moving to reform its technology side. Late last month, after denying that CTO Ted Cahall was leaving AOL, the company confirmed his departure and said it is looking for a replacement. At the same time, AOL hired former Google (NSDQ: GOOG) exec Jeff Reynar as Head of Technology for Engineering and Products in New York. Reynar is charged with building out and managing AOL