AOL, Inc. (NYSE:AOL) is having a hard time retaining some of their talent. Within the last couple of days, AOL saw Brad Garlinghouse and Sarah Lacy leave the company. Now former TechCrunch CEO Heather Harde is leaving the company. Harde became an executive at AOL after technology blog TechCrunch was acquired. It is believed that Harde was pissed when a Huffington Post CEO sent out an e-mail bashing TechCrunch founder Michael Arrington.

Brad Garlinghouse is the President of the Applications and Commerce Group and the head of Silicon Valley operations at AOL, Inc. (NYSE:AOL). Garlinghouse is reportedly leaving the company. You may remember Garlinghouse from his famous 2006 Peanut Butter Manifesto letter that discussed all of the problems that Yahoo! has.

Google Inc. (NASDAQ:GOOG) executive chairman Eric Schmidt has been vocal about proposed legislation regarding online copyright regulation today and said that the PROTECT IP Act in the U.S. Senate and the Stop Online Piracy Act in the U.S. House of Representatives would censor the Internet. This bill is intended to combat pirated movies and music and allow copyright holders and law enforcement officials the ability to cut off websites.

AOL, Inc. (NYSE:AOL) has posted revenues of $532 million with an earnings loss of $0.02 per share. This is great news for the company because Wall Street was expecting the company to hit $524 million and a loss of $0.06 per share. The company was able to gain revenue from their gains in The Huffington Post and the TechCrunch acquisitions.

Michael Arrington has poached MG Siegler from AOL, Inc. (NYSE:AOL). Siegler was brought into AOL through the acquisition of TechCrunch, a tech blog founded by Arrington. TechCrunch was sold to AOL for roughly $25-$30 million. AOL is also an investor in CrunchFund. Siegler will become a general partner at CrunchFund. Siegler has been approached by numerous VC companies and other writing gigs since he became a top editor at TechCrunch. [Uncrunched]

The Huffington Post Media Group has acquired online grassroots company Localocracy. The price of Localocracy was under $1 million according to sources with AllThingsD. The Huffington Post, which hit one billion page views in August, also announced that they were hiring New York Times senior columnist Lisa Belkin.

The three rival companies AOL, Inc. (NYSE:AOL), Yahoo! Inc. (NASDAQ:YHOO), and Microsoft Corporation (NASDAQ:MSFT) are partnering with each other on ad sales. The three are partnering in an effort to effectively compete against Google. The three companies are also aiming to gain back ad spending that ended up in the hands of other ad networks.

AOL, Inc. has decided to let Michael Arrington loose. Michael Arrington was hired to AOL after the media company acquired technology blog TechCrunch.com. Erick Schonfeld will be replacing Arrington as the editor of TechCrunch. Below is the statement from AOL: