AOL Gets Rid Of Patch, But Keeps Minority Stake

AOL will continue to have a relationship with its hyperlocal news service Patch, but is relinquishing operation and majority control, as it has announced a new joint venture with Hale Global. AOL says it will contribute Patch to a new…

AOL Income Down 61% in Third Quarter

AOL today released its third quarter earnings report, showing a large 61% year-over-year drop in operating income to just 16.7 million. This on total revenues of $561 million, a 6% increase from revenue generated during the third quarter of 2012.…

AOL Reportedly Laying Off Hundreds From Patch, CEO Reportedly Fires Someone For Taking His Picture

Layoffs are coming to AOL’s Patch hyperlocal news service over the next week or so, according to multiple reports. When the company reported its earnings earlier this week, CEO Tim Armstrong indicated that AOL would get rid of up to…

Internet Explorer 8 Zero-Day Exploit Gets Fixed Today

Earlier this month, Internet Explorer 8 was hit with a pretty nasty zero-day exploit. Microsoft sprung to action with a quick fix, but there wasn’t a permanent patch solution available just yet. That day has finally come with the patch…

Resident Evil 6 Gets Patched Up In December

Resident Evil 6 took a beating from critics and players upon its release. I found the game to be pretty fun, but it definitely has some issues. Capcom can’t really fix a lot of said issues so they’re going to…

Oracle Finally Patches Huge Java Exploit

It was brought to the Internet’s attention on Monday that Java was susceptible to a pretty nasty exploit that could see a user’s PC infected with malware. It was later revealed this morning that Java knew about the exploit since…

AOL CEO Armstrong Moving Full Steam Ahead with Patch

On the heels of winning a proxy showdown against a gang of grumbling shareholders yesterday, AOL CEO Tim Armstrong is punctuating his victory over that cabal of activist investors known as Starboard by pushing the very product they insisted was…

AOL’s Patch Set New Traffic, Revenue Record in May

Despite a damaging report last month from a group of disgruntled investors that said AOL’s Patch was not a “viable business,” the service still had a good month in May as it set an all-time high for traffic and revenue.…

Is The Internet A Danger To Local News?

The funeral bells have been tolling for some time now for the print industry, signifying the demise of newspapers and magazines as more and more news is generated for Internet consumption. As people continue to surround themselves with more digital…

AOL’s Patch Editor Brian Farnham Resigns

Patch editor-in-chief Brian Farnham announced today on his blog that he’s leaving the AOL-owned local news network. Farnham’s blog post is fairly detailed, and one of the first points that he makes relates that he’ll be staying with Patch in…