Media-mogul smackdown! Arianna vs. Rupert

It's not quite The New York Times (NYT), but Rupert Murdoch could soon get control of another liberal journalistic institution -- unless he's all talk.

At a Federal Trade Commission conference on the future of journalism Tuesday, Arianna Huffington (pictured) vowed to hand over her share of the Huffington Post if a possible deal between News Corp. (NWS) and Microsoft (MSFT) that's been the subject of numerous recent reports ever comes to fruition.