Aol patent deal does not appease starboard the new york times. Yet over the years, a number of socalled hyperlocal news sites have failed. Patch is an unproven and, thus far, unsuccessful business model that is draining valuable resources from the company. This is an overview of the patch new york campus or office location. Dec 16, 20 aol is apparently breaking up patch, a fledgling network of local news websites founded by aol ceo tim armstrong, the new york times reports. Aol bets on hyperlocal news, finding progress where many have failed. Plus, its just across the hudson from new york, home to patch media and the times. New york times media columnist david carr wrote a damning obituary for aol s local news initiative patch in todays paper, hitting ceo tim armstrong straight in the heart. United and was a reporter for the new york times and contributor to the new yorker, the new york observer and wired. Aol shares soar on patent deal with microsoft the new. Aol shares soar on patent deal with microsoft the new york. May 12, 2015 separately, time warner reaches an agreement with the securities and exchange commission to settle charges of accounting irregularities at aol. Patch looked like a failure when aol sold a majority stake in the hyperlocal media service, but hale global is turning it around.
Although the companys problems had been mounting for several years, the combination of major layoffs and a recent story in the new york times that led many to believe patch was winding down. Local firms in the fight new city, ny news local weather forecast for the weekend ahead. Aol is handing majority ownership of patch, a moneylosing network of local news websites, to new york investment firm and turnaround specialist hale global in. Office in new york, ny foursquare uses cookies to provide you with an optimal experience, to personalize ads that you may see, and to help advertisers measure the results of their ad campaigns.
The local news network has been a personal passion of aols chief executive. Aols history of growth and decline the new york times. Hyperlocal news, alerts, discussions and events for new york city. Aols newsroom is now bigger than the new york times. Armstrong discussed patch, aols network of local news web sites, saying the company had secured a deal with a major national advertiser but would not offer details on who that was. Jan 16, 2014 aol is handing majority ownership of patch, a moneylosing network of local news websites, to new york investment firm and turnaround specialist hale global in a joint venture announced by the comp. Jason henry new york times patch, aols failed attempt to create a syndicate of local journalists across the nation, was seen by many as a death knell for hyperlocal news. The new york times at the end of the day, could patch have been run better. In its long list of concerns, starboard reserved special venom for patch, the local news service aol bought in 2009. Town of smithtown holding alcohol awareness month poster contest. New online application for unemployment claims in new york to go into effect thursday night. Aols patch downsizing, and a number of other highprofile hyperlocal sites have disappeared. But the companies said aol would put patch into a new limited liability company that would be operated and majority owned by hale.
Jan 17, 2011 in december, patch had just over three million unique visitors, 80 times that of a year earlier, according to comscore. But the companies said that aol would put patch into a new limited liability company, which will be majority owned and operated by hale. In december, patch had just over three million unique visitors, 80 times that of a year earlier, according to comscore. For instance, under aols ownership, patch didnt want to open a local site in joliet, illinois, a city of 150,000. Having to rebuild postaol ownership there have been very very lean times but ive seen years of stability and growth and progress recently. Reinventing easter, passover and other holiday meals in a time of limits. Aug 14, 20 aol s patch downsizing, and a number of other highprofile hyperlocal sites have disappeared. By continuing to use our site, you accept the use of our cookies as described in our privacy policy and cookie policy. New york aol is the mosttroubled big internet company, a turnaround job with a speculative future. Ceo armstrong started patch before he was hired by aol.
Ford of tech companies, aol, must keep innovating, c. Screenshot of aol gave up control of patch, the local news division hampered by years of losses. At an investment conference in new york, aol ceo and patch cofounder tim armstrong called patch an asset with optionality for aol. Journalists from legacy organizations including the new york times, the. New york times article on aol patch references new rochelle. Patch execs tell employees patch is not dead, despite what they read in the new york times. So why, then, does it seem everyone wants to work there. St john is the author of the betselling books rammer jammer yellow hammer and outcasts united and was a reporter for the new york times and contributor to the new yorker, the new york observer and wired. That put maplewood in the crosshairs of two media giants. Aol patent deal does not appease starboard the new york. But the companies said aol would put patch into a new limited liability. Aol shares soar on patent deal with microsoft the new york times. In a brutal column in the new york times, david carr casts patch as mobydick to armstrongs ahab, a folly that has at times seemed to border on. Patch sites turn corner after sale and big cuts the new york times.
Patch and the local made their maplewood debuts in february and march 2009, less than a month before armstrong was named ceo of aol, which would soon acquire patch media in june. A company spokeswoman declined to say how many employees had been cut. In a statement given to the new york times, aol confirmed last weeks layoffs. New owner of patch lays off hundreds the new york times. Armstrong bullish on video the new york times sections home search skip to content. In january, when aol announced that it was handing over the majority stake in patch, its troubled hyperlocal news division, to an investment. Aol bets on hyperlocal news, finding progress where many have failed the article makes reference to new rochelle patch stealing content from talk of the sound then lying about it repeatedly but several plagiarism cases have tarnished patch during its brief history. Aol s newsroom is now bigger than the new york times. The firing took place during a conference call with more than 1,000 employees of patch, the local news service aol runs for hundreds of towns. Aol s news and content operation now has three main parts. New city, ny news mask makers seek to protect village patch pm new city, ny news rockland coronavirus. The end may be near for aols patch new york business.
Smithtown, ny patch breaking news, local news, events. But several plagiarism cases have tarnished patch during its brief history. The new york times story by leslie kaufman pointed out that aol could see some revenue if patch becomes profitable. Huffington post, patch, and the legacy aol brands and sites. Local news and events from new york city, ny patch.
Nov 18, 2011 with the huffington post, aol has all the pieces in place to achieve tims vision, except maybe one. A charismatic leader, revenue upside and cash to play with are attracting top talent to the troubled company. No matter what youre looking for or where you are in the world, our global marketplace of sellers can help you find unique and affordable options. He carefully leaves the door ajar for that possibility but clearly doesnt expect it. Tim armstrong, the chief executive of aol, had a sentimental, and some would say debilitating, attachment to patch, a network of local news. Browse our collection of new york times information for news stories, slideshows, opinion pieces and related videos posted on aol. Dec 16, 20 the report in the new york times and aols denial of closure speak to the ongoing saga around patch and how from the outsideand even to employeesthere appears to be a lot of indecision. Aol does not seem to be saving journalism, and journalism does yet seem to be saving aol. In 2018, patch completed is third profitable year in a row, attracting an average of 23. Aol denies report its closing aol patch website investorplace. The times story called patchs goal of cornering the local. Street executive who worked at the hedge fund york capital management. Armstrong, speaking at the ubs media conference in new york, talked up the companys new properties like the huffington post, techcrunch and the patch network of local web sites.
Tacodas main rival is revenue science, which is still private. Browse jobs and read about the patch new york location with content posted anonymously by. Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from aol stay in the loop. Turnaround specialist is enlisted to generate profit from local news. Times media columnist david carr referred to patch as armstrongs white whale, a project that armstrong refused to abandon, despite years of failing to turn a profit and becoming a black hole for cash. Why does everyone want to work at aol all of a sudden. Aols biggest current push into journalism is in patch, a spreading network of. Having to rebuild post aol ownership there have been very very lean times but ive seen years of stability and growth and. With the huffington post, aol has all the pieces in place to achieve tims vision, except maybe one. The hyperlocal web bleeds as aol pushes patch to the curb. New york city, ny patch breaking local news events schools. Jul 24, 2007 this has intrigued many news publishers.
A few big, national publishers, like the new york times, are doing fine. Everybody from aol to msnbc to the new york times is attempting to get a piece of the hyperlocal pie. New fairfield selectmen to discuss tax relief, shortterm rentals. The best breaking news, stories, and events from the patch network of local news sites. Next up, aol is expected to cut employees who work at, the companys effort in hyperlocal news. New york times article on aol patch references new. Aol says implications that patch is closing down are inaccurate. Newspaper article international new york times aol takes on partner to share cost of patch. And whether or not you think one of these sites holds the promise of becoming facebook for small towns or the misfortune to become microsoft sidewalk 2.
The article makes reference to new rochelle patch stealing content from talk of the sound then lying about it repeatedly. Feb 11, 2019 a few big, national publishers, like the new york times, are doing fine. A new york times article stated that aol is reportedly planning to. Apr 09, 2012 while shares of aol rose more than 45 percent after the deal was announced, it remains to be see whether one of the companys largest shareholders, starboard value, will find the deal sufficient. Aol finds a partner to run its troubled patch division the new. New city, ny patch breaking local news events schools. Aol is apparently breaking up patch, a fledgling network of local news websites founded by aol ceo tim armstrong, the new york times reports. The hyperlocal web bleeds as aol pushes patch to the curb wired. May 31, 2012 ceo armstrong started patch before he was hired by aol. Aol latest headlines, entertainment, sports, articles for business, health and world news. Mar, 2012 next up, aol is expected to cut employees who work at, the companys effort in hyperlocal news. It had an editorial staff of about 65 as of may 2014.
Apr 10, 2012 the firm said it planned to promptly file preliminary proxy documents to the securities and exchange commission for the election of new board members at the companys annual meeting. Dec 16, 20 aol has rejected the conclusion of a new york times report suggesting that it is looking to wind down its aol patch website. The new york times has an article today offering an overview of aol patch. Aol has rejected the conclusion of a new york times report suggesting that it is looking to wind down its aol patch website. The financial terms of the deal were not disclosed. Dealbook aol patent deal does not appease starboard.
Aol chief apologizes over firing of worker the new york times. Ny coronavirus death toll tops 10k, governor cuomo says. The end may be near for aols patch new york business journal. Hale global, which acquired a majority share of the local news enterprise from aol, cut jobs from a staff of 450. It is owned by hale global, with former owner aol retaining a small stake the company, which focuses exclusively on local news, began with a handful of sites in new jersey and connecticut and is now in about 900 communities. Whether its reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, new york times video journalists provide a revealing. Man slashed tires of hudson valley hospital workers. Patch, aols local news division, is now under control of hale global. Aols news and content operation now has three main parts. Other cuts are expected in smaller doses around the company over the next month. The report in the new york times and aols denial of closure speak to the ongoing saga around patch and how from the outsideand even to employeesthere appears. Patch is a network of local news sites with a combination of staffproduced and communitycontributed material. The new york times had a story yesterday that gives us a glimpse of.
Jan 18, 2011 the new york times has an article today offering an overview of aol patch. Jul 25, 2012 in its secondquarter financial report, aol reported a 2 percent decline in revenue, the smallest fall in seven years. Aols newsroom is now bigger than the new york timess. The new york state department of labors online unemployment application will be shut down from 5 to. Caroline dworin was a regular contributor to the city section of the new york times. Dec 16, 20 in a brutal column in the new york times, david carr casts patch as mobydick to armstrongs ahab, a folly that has at times seemed to border on obsession.
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