As we mentioned in this morning’s Ticker, Michael Arrington is officially out at AOL, at least for now. Forbes broke the news last night, with the caveat that things could change since there has been a lot of back-and-forth during the past week over his status with the company. The fate of CrunchFund is also still unknown.

The story says, “Huffington clearly erred here in okaying a project without fully understanding its public relations consequences,” but she ultimately appears to be the most “influential” leader at AOL. The Atlantic Wire says AOL might have reason to worry if the TechCrunch staff and readers leave with Arrington. In case you missed it, Arrington published a story on TechCrunch with his own set of demands before he got the ax.

Conde Nast is spinning off Reddit, but hanging on to ownership of the company. Conde bought Reddit five years ago.

Google is buying restaurant guide Zagat in an effort to beef up its local offerings, The New York Times reports. For Zagat, the sale also helps them at a time when it has seen its prominence decline in the face of competition from other online restaurant guide sources.

For more media news and moves, click through.

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