King Tim the Terrible just shelled out some major cash to give AOL a makeover as a media monster, not your uncle's ancient homepage—but according to a new report by AdWeek, it might have purchased itself some big problems.

Less than a week after sweeping layoffs, AOL just made a gigantic acquisition: a video ad service called Adap.tv. If the company is ever going to save itself, it's going to be because of a move like this.