Patch’s new controlling owner took over in January, and soon after, only 15 percent of its news staff was left. It has managed to turn a profit in the last three months.
Citing restructuring and other charges, AOL said its first-quarter profit dropped to $9.3 million, or 11 cents a share, from $25.9 million a year earlier.
Type in any title, and broadcast times and on-demand viewing options will pop up, allowing viewers to turn on a television at the appointed time or click a button and watch immediately.
Online video ads were supposed to be a marketer’s dream. Instead, many become lost in an unruly maze.
Ambitious efforts are being made by legacy media companies like Time Inc. to join the frenzy of online video content creation that was set off by so-called digital natives like AOL, BuzzFeed and others.
The online video industry is relying on TV, radio and movie stars to spice up its offerings.
The growth from movie and cable businesses helped fuel a 9 percent increase in revenue to $7.5 billion, from $6.9 billion during the same period a year ago.
Marketers like lifestyle content because it often attracts more affluent consumers. Also, humorous content is frequently sought out by younger men.
The 2014 NewFronts, presentations for buyers of online advertising, offer an expanded calendar of events reflecting the rapid growth of the field.
The new site, led by Ezra Klein, the founder of Wonkblog, features a next-generation content management tool that greatly enhances digital storytelling.
“Mondays With Marlo,” a talk show hosted by Marlo Thomas, the actress and activist, has built an audience by addressing the concerns of women over 35.
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Peter Goodman was named the editor in chief of International Business Times on Tuesday.
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All good things come to an end, even for the rich, and sometime this month, Forbes will probably pass out of family control and into the hands of a foreign owner.
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Hillary Rodham Clinton outlasted many of her old combatants from the 1990s and as a senator faced a new wave of reporters unfamiliar with the earlier media battles.
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Overtaken by new technology and shifting consumer habits, the telephone movie listing and ticket service will be disconnected, and a free Moviefone app will be revised.
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AOL’s chief, Tim Armstrong, set off a firestorm among American workers by publicly revealing information about medical costs for two babies covered by company health plans.
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AOL had recently altered its 401(k) program, and its chief executive, Tim Armstrong, apologized for linking the move to soaring medical costs associated with two families’ “distressed babies.”
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The media company said it benefited by selling video advertising on the web globally, with 23 percent growth in that revenue.
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Hale Global, which acquired a majority share of the local news enterprise from AOL, cut jobs from a staff of 450.
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Mr. Klein’s departure from The Washington Post to Vox Media is just one more example of how digital publishing offers its own thing, not an additional platform for established news companies.
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