AOL, emerging victorious from an investor revolt, is still trying to
Patch things up. CEO Tim Armstrong, who yesterday beat back an attempt
by shareholder Starboard Value to gain AOL board control, is taking
the win as a mandate to double down on his long-criticized online
local news properties — Patch. “There are only two people in the US
investing in local news and information: me and Warren Buffett,”
Armstrong told The Post yesterday, comparing his strategy to that of
the Oracle,of Omaha, who recently bought local media properties. http://www.nypost.com/p/news/business/first_aid_for_patch_MHXusxFl0MPhJwry4k5ClK
Patch things up. CEO Tim Armstrong, who yesterday beat back an attempt
by shareholder Starboard Value to gain AOL board control, is taking
the win as a mandate to double down on his long-criticized online
local news properties — Patch. “There are only two people in the US
investing in local news and information: me and Warren Buffett,”
Armstrong told The Post yesterday, comparing his strategy to that of
the Oracle,of Omaha, who recently bought local media properties. http://www.nypost.com/p/news/business/first_aid_for_patch_MHXusxFl0MPhJwry4k5ClK
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