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| VIEW EVENT INFORMATION: AOL |
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The Math Behind Patch’s Deep Cuts And AOL’s Larger Content Division |
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About the organization AOL:
Type: Business
Sub-Types: Website, Search Engine, Internet Service Provider, Online News, Computer, Computer Software, Application Software, Telecommunication Software |
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Notable Organizations: AOL, Techcrunch
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| Today AOL confirmed that Patch will close hundreds of its hyperlocal news sites and fire hundreds of its employees. TechCrunch reported the coming staff and site reductions on Thursday.
The move comes as AOL strives to make Patch profitable by the end of the year. To reach that goal, AOL decided to cut fat. This is a financially reasonable decision as many Patch sites did not make money, and… |
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