AOL Inc. is eliminating about 500 positions at its struggling Patch local-news business, or close to half of the division’s more than 1,000 employees, according to a person with knowledge of the decision.About 350 people will lose their jobs today, and roughly 150 will be asked to stay for 60 more days as the company seeks partners for some of the 900 Patch sites, said the person, who asked not to be identified because the matter is confidential. Chief Executive Officer Tim Armstrong, who apologized this week for firing a staff member in front of colleagues, announced the job cuts this morning to Patch workers.Mr. Armstrong, who has said he aims to make Patch profitable by the end of the year, told the staff last week that 400 sites would close down or look for partners, such as other local-news publishers. Today, Mr. Armstrong told employees the company may shutter as many as 20% of the Patch sites, with another 20% destined for partnerships or consolidation, the person said.Patch, which covers school-board meetings, local businesses and other neighborhood stories, has been a costly part of AOL’s strategy to transform the dial-up provider into an advertising-driven content publisher. The company has spent more than $300 million developing the sites, which serve communities and neighborhoods across the country.“Patch’s strategy will be to focus resources against core sites and partner in sites that need additional resources,” AOL said today in an e-mailed statement. “The... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-16 00:00:00 UTC ]
Beth Rigby’s withdrawal after not being allowed to record conversation follows BBC cancellation over notes gaffeSky News has pulled out of an interview with Boris Johnson after its political editor was told she could not make an audio recording or transcript of the talk.The former prime minister... Continue reading at The Guardian
[ The Guardian | 2024-10-04 18:51:26 UTC ]
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Murdoch’s Australian media chief calls on ABC to ‘correct the record’ after accusations that excessive coverage encouraged racist social media trollsGet our morning and afternoon news emails, free app or daily news podcastRupert Murdoch’s top executive in Australia has defended News Corp’s... Continue reading at The Guardian
[ The Guardian | 2023-05-23 08:46:23 UTC ]
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The powerhouse children’s publisher, known for Harry Potter, had been passed from father to son until Iole Lucchese, a top executive, was given control. Continue reading at The New York Times
[ The New York Times | 2021-10-18 18:41:08 UTC ]
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AT&T’s WarnerMedia has brought on a startup to help it get HBO Max into more places. The entertainment arm of the Dallas company has acquired Canada-based You.i TV, a provider of cross-platform development tools for television and media companies, according to a statement. Terms were not... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-12-23 22:03:09 UTC ]
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The Cartoon Network’s top executive has stepped down, joining the growing roster of former Time Warner executives departing the company following its takeover by AT&T Inc. Christina Miller, a... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-11-27 17:35:13 UTC ]
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Facebook Inc.’s top executive in charge of all products, Chris Cox, the longtime confidant of Chief Executive Mark Zuckerberg, is leaving the company. It’s the highest-level departure at the social media giant amid nearly two years of sustained crises. Cox’s unexpected departure, which he... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-03-14 22:45:00 UTC ]
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Facebook Inc.’s top executive in charge of all products, Chris Cox, the longtime confidant of Chief Executive Mark Zuckerberg, is leaving the company. It’s the highest-level departure at the social media giant amid nearly two years of sustained crises. Cox’s unexpected departure, which he... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-03-14 22:45:00 UTC ]
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Facebook is losing its top executive in charge of its platform, partnerships with publishers, and dealmaking, as he steps down after twelve years with the social network. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2018-08-23 00:00:00 UTC ]
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Continuing her book tour, Omarosa Manigault Newman released an audio recording on Tuesday of former Trump campaign aides discussing the possible existence of a Trump “N-word tape” and how the campaign would respond if it were released. The recording itself did not shed any light on whether the... Continue reading at Slate
[ Slate | 2018-08-14 00:00:00 UTC ]
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Denver advertising technology company Altitude Digital has merged with Genesis Media, a New York City-based maker of analytics software for online publishers. The combined company will be based in New York City under the Genesis Media name, but it will keep the former Altitude Digital office in... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2017-08-11 00:00:00 UTC ]
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Pape Satàn Aleppe: Chronicles of a Liquid Society is a collection of essays that was originally set to be published in May 2016The release date of the final book by the Italian novelist Umberto Eco, who died on 19 February, has been pushed forward from May 2016 to come out this weekend in... Continue reading at The Guardian
[ The Guardian | 2016-02-22 00:00:00 UTC ]
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Ironmark, a Howard County-based printing, design and marketing company, announced Thursday that it had acquired United Book Press, Inc. to create a book publishing division that would boost annual revenue from $22 to $35 million. Terms of the deal were not disclosed. Continue reading at Baltimore Sun
[ Baltimore Sun | 2015-02-13 00:00:00 UTC ]
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The audio recording of Malala’s autobiography for young people, Malala: The Girl Who Stood Up For Education, has been nominated for a US Grammy Award. Continue reading at The Bookseller
[ The Bookseller | 2014-12-10 00:00:00 UTC ]
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London’s Slightly Foxed has been named Vintage Independent Bookshop of the Year for 2014, winning £1,000. The shop, in Gloucester Road SW7, impressed judges with its “brilliantly conceived events”, including a vintage wine and Vintage literature evening, and a phantom book group, where people... Continue reading at The Bookseller
[ The Bookseller | 2014-11-07 00:00:00 UTC ]
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AOL Inc. is eliminating about 500 positions at its struggling Patch local-news business, or close to half of the division’s more than 1,000 employees, according to a person with knowledge of the decision.About 350 people will lose their jobs today, and roughly 150 will be asked to stay for 60... Continue reading at Crains New York
[ Crains New York | 2013-08-16 00:00:00 UTC ]
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