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Posts Tagged ‘Tim Armstrong’

AOL Buys Local Citizen Journalism Site Patch.com

hlw.jpegAOL is seriously serious about staying in the content biz, isn’t it. Today AOL announced through a release that it’s buying Patch.com, a local news site we covered earlier this year, and Going.com, a platform for “people who love going out” (fair enough).

“Local remains one of the most disaggregated experiences on the Web today—there’s a lot of information out there but simply no way for consumers to find it quickly and easily,” said Tim Armstrong, AOL’s Chairman and CEO, in the statement. (Tim Armstrong financed the site in his pre-AOL days after he discovered little information online about his hometown, according to the NYT.) “It’s a space that’s prime for innovation and an area where AOL has a significant audience and a valuable mapping service in MapQuest. Going forward, local will be a core area of focus and investment for AOL.”

Patch’s patches (ha!) are centered in New Jersey neighborhoods for now, and the company had planned to have presence in 12 communities by year’s end. With AOL’s backing, Patch may be able to scale even faster. And unlike many startups, they pay. And they’re hiring.

Google Cuts 200 In Sales

glogo.gifAfter cutting nearly 100 recruiters in January and 40 more employees when it folded up it’s radio division, the news that Google is laying off workers is hardly, well, news at all. What is interesting right now is that Google just laid off 200 employees in sales and marketing, which just lost its leader, Tim Armstrong, to Time Warner’s AOL and replaced him with Google veteran Dennis Woodside, reports MediaMemo.

In a memo from SVP Omid Kordestani, he sights overlaps and efficiency as reasons for the new round of layoffs.

When companies grow that quickly it’s almost impossible to get everything right&#151and we certainly didn’t. In some areas we’ve created overlapping organizations which not only duplicate effort but also complicate the decision-making process. That makes our teams less effective and efficient than they should be.

The full text of Kordestani memo can be seen after the jump.

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More Changes At AOL

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Since he was hired two weeks ago at AOL, everyone has been wondering what Tim Armstrong&#151 former head of advertising at Google and soon-to-be CEO of AOL as of April 7th&#151will do with the company. The first answer seems to be restructure.

In an effort to simplify and rid the company of redundancy, AOL announced today that it would be restructuring Platform-A, the division that primarily deals with sales and advertising.

In a memo from Platform-A head Greg Coleman&#151you may remember him as the former head of Yahoo ad sales, brought over to AOL by former CEO Randy Falco to reorganize the ad sales division in February&#151he announced that there would be “Execs moving in and out of musical chairs and fewer cooks in the kitchen.”

Read the entire memo about the restructure, reprinted by BoomTown, after the jump.

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Falco And Grant Out At AOL, Ex-Googler In

Tim Armstrong, Google Senior Vice President, has been named chairman and CEO of AOL effective yesterday, we’ve learned. Current chairman/CEO Randy Falco and president/COO Ron Grant will leave the company after a transition period. Not much of a “transition”—Armstrong starts in less than a month—April 7. Looks like all that speculation was correct.

Full release after the jump, but meanwhile, hat tips to Kara Swisher (Boomtown) and Peter Kafka (Mediamemo) at allthingsd.

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