AOL Said to Be Closing or Finding Partners for 400 Patch Sites
Posted in: UncategorizedAOL will replace the head of its struggling Patch local-news operation and plans to close or find partners for 400 of the business’s 900 community websites, 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.
Mr. Armstrong, who has pledged to make Patch profitable by the end of the year, had said on Aug. 7 that AOL may have to eliminate some of the division’s poorer-performing sites or put them together with outside partners.
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