AOL has announced a strategic content and advertising partnership with CitySearch an IAC owned company. The agreement enables AOL CityGuide, AOL Local Search and MapQuest to leverage CitySearch's local content and in return CitySearch gains access to AOL's distribution. CitySearch CEO, Jay Herratti had this to say:
"This partnership is a classic ‘win-win’ for both companies; Citysearch’s content is great for AOL’s audience, AOL’s reach is great for Citysearch’s advertisers who will gain access to qualified local customers and the ability to deliver a consistent message across the web, and both companies will benefit from incremental revenue."
Sounds like a simple enough deal to me. AOL will help get more ad units in front of Citysearch users and CitySearch will provide its local city reviews and information to AOL - makes sense.