Riders of elevators in New York City office buildings know what topics are trending on Twitter even before they fire up their computers each morning.

As legions of office workers scurry to their desks, the data they’re seeing on the Captivate elevator ad network is the same information driving editorial and sales decisions at a new consumer-driven online news network with a familiar name.

AOL is relaunching in December as an marketing-supported provider of original content in dozens of consumer and business markets. Unlike news products from Google and Yahoo, AOL is not simply aggregating articles from other news sites.

CEO Tim Armstrong plans to direct his growing team of employees and freelancers to write copy and create multimedia content based on what topics are drawing the largest amount of consumer attention at any given time. To hell with long tail, this play aims clearly at the head of the beast.

If executed well, Armstrong’s model will be appealing to brands that want their people, products and ideas to be included in relevant online content in real-time. The payback comes when the brands sponsoring timely articles and multimedia packages see better performance than current online advertising. The blowback, however, could happen if a brand’s desire to use the platform as an advertorial vehicle is not tempered effectively.

Advertorials and contextual adverising are not new business concepts. But uneasiness about polluting editorial content with paid information has kept them from scaling, beyond CNBC’s “Business of Innovation“ sponsored profile on IBM and a few similar efforts.

For decades in the news business, PR people and marketers have done the best they could to anticipate when topics will flare up in the media. At United Press International, where I cut my journalistic teeth, and later at PR Newswire, legendary features editor Fred Ferguson’s annual calendar (PDF) of “special sections” guided us to gather content just ahead of events and holidays.

Likewise, publishers prepare editorial calendars to make sure there’s ample bridal content to surround the inevitable bridal advertising that characterizes wedding-planning season, or Mother’s Day stories for late April. 

That long-lead material will be easy for Armstrong’s team to produce, with or without the sophisticated web-consumption algorithms and freelancer assignment site that are the secret sauce for the new AOL.

But it’s much harder to quickly build out credible, sponsored content around timely topics that could not be easily forecasted.

When Kanye West dissed Taylor Swift during the MTV Video Music Awards, it meant a glut of searches about the teenage crossover star and the rapper who loves Beyoncé. Social media chatter about the episode hockey-sticked first, followed quickly by entertainment news sites and mainstream broadcast and print media.

Some “breaking news” can be pre-packaged. There’s going to be two feet of snow in Buffalo any day now, so why not hit up Goodyear for a sidebar on snow tires?  Likewise, food poisoning outbreaks are happening like clockwork these days, so Seattle attorney Bill Marler has developed a formula for getting his name into the hands of media and victims’ families within hours.

If AOL can systemetize and monetize this “PounceNow” approach to marketing, it will become a welcome source of income for writers, photographers and videographers displaced in the old media Armageddon.  They’d welcome hearing the familiar AOL voice over their computer speakers saying, “You’ve Been Hired.”