AOL to cut 500 jobs at Patch

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 ]
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Hachette reveals longlist for £2,500 Mo Siewcharran Prize

Hachette has announced the longlist of 12 writers in contention for the £2,500 Mo Siewcharran Prize, which was launched in 2019 to discover unpublished fiction writers from Black, Asian and minority ethnic backgrounds. Continue reading at The Bookseller

[ The Bookseller | 2021-07-16 23:42:18 UTC ]
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Almost three-quarters of schools cut library provision through pandemic

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[ The Bookseller | 2021-07-03 13:06:00 UTC ]
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OUP to close Oxuniprint in August with loss of 20 jobs

Oxford University Press (OUP) is to close its subsidiary Oxuniprint in August with the loss of 20 jobs.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-08 14:17:07 UTC ]
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Elin Hilderbrand asks for Anne Frank reference to be cut from novel after complaints

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[ The Guardian | 2021-06-08 11:53:10 UTC ]
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Kate Fagan quit her job to care for her dying father. The experience brought unexpected rewards.

Fagan’s new book ‘All the Colors Came Out’ is an unvarnished, loving account of her father’s decline from Lou Gehrig’s disease. Continue reading at The Washington Post

[ The Washington Post | 2021-06-04 12:00:00 UTC ]
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I am doing a good job

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[ The Bookseller | 2021-05-22 11:56:04 UTC ]
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Kevin Merida takes the top job at the LA Times

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[ Columbia Journalism Review | 2021-05-04 12:30:57 UTC ]
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[ The Bookseller | 2021-04-23 17:14:47 UTC ]
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[ The Bookseller | 2021-04-15 18:22:57 UTC ]
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In ‘Who Is Maud Dixon?,’ a Dream Job Leads to a Twisty Nightmare

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[ The New York Times | 2021-03-03 11:00:00 UTC ]
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[ The Bookseller | 2021-02-25 23:24:10 UTC ]
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CILIP calls for National Library of Wales cuts to be abandoned

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[ The Bookseller | 2021-02-03 06:32:21 UTC ]
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[ Silicon Valley Business Journal | 2021-02-02 23:33:02 UTC ]
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'Price gouging from Covid': student ebooks costing up to 500% more than in print

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[ The Guardian | 2021-01-29 12:00:00 UTC ]
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[ The Bookseller | 2021-01-29 10:34:09 UTC ]
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[ The Bookseller | 2021-01-26 18:43:45 UTC ]
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[ The Bookseller | 2021-01-18 02:02:49 UTC ]
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[ The Bookseller | 2020-12-08 05:04:07 UTC ]
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[ The Bookseller | 2020-12-04 10:12:19 UTC ]
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