They did, technically. But the company now operates as Time Warner, Inc. with AOL being one of the subsidiaries. Their wiki page is pretty thorough. http://en.wikipedia.org/wiki/Time_Warner
DJCacophony writes "Cnet is reporting that Newscorp, having already purchased Myspace, is purchasing image hosting site Photobucket for between 250 and 300 million dollars. The story details how Photobucket and Myspace, which have previously had disputes over advertising on each others' sites, will now be integrated with each other."