National Lampoon is buying CollegeHangover.com, a user-generated comedy site heavy on party videos, PaidContent
reports, citing a release
. National Lampoon, which is expanding its comedy reach on the Web through acquisitions, also produces original content for the Web, as noted here on WebVideoReport
NationalLampoon.com is carrying on the tradition of the brand's sketch comedy with efforts such as "Muses Guild of America on Strike."