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Huffington Post's Patch lays off hundreds, shuts down 400 websites
This is the first time I have heard of Patch, which is apparently Ariana Huffington's attempt to publish local news, which tells you the marketing effort that was put into it.AOL Inc. will replace the head of its struggling Patch local-news operation and plans to close or find partners for 400 of the unit's 900 community websites as it looks to cut jobs, two people familiar with the matter said. AOL Chief Executive Officer Tim Armstrong announced the changes at a meeting with Patch editors this morning, according to the people, who asked not to be named because the information isn't public. On an interim basis, AOL executive Bud Rosenthal will replace Patch chief Steven Kalin, who is leaving the company, the person said. AOL's Armstrong Says Adap.tv Gives Ad `Singularity' AOL is still calculating the number of positions that will be eliminated as a result of the closures, which could number in the hundreds, one of the people said. Posted by: badanov 2013-08-11 |
| http://www.rantburg.com/poparticle.php?ID=373697 |