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November 5, 2013 07:16 pm GMT
Following layoffs and recent other cost-cutting measures at its local news initiative Patch, AOL's Brand Group saw improved revenue and a move into positive OIBDA (operating income) in the company's most recent earnings report. Chief Financial Officer Karen Dykstra said on the analyst conference call Patch saw cuts in its "lowest performing" areas and in the corporate team in New York City. She also said the company is focused on recent "product enhancements." At the same time, it sounds like there may be more changes in Patch's future.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LXYGWDJKOG8/
AOL Hints At Further Cost Cutting At Patch
Following layoffs and recent other cost-cutting measures at its local news initiative Patch, AOL's Brand Group saw improved revenue and a move into positive OIBDA (operating income) in the company's most recent earnings report. Chief Financial Officer Karen Dykstra said on the analyst conference call Patch saw cuts in its "lowest performing" areas and in the corporate team in New York City. She also said the company is focused on recent "product enhancements." At the same time, it sounds like there may be more changes in Patch's future.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LXYGWDJKOG8/
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