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Revolving Door Newsletter: 08.09.13.

Drama at Patch; Alec Baldwin to MSNBC?

August 9, 2013
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Patch is laying off somewhere between 200 and 500 employees. The axe was expected to drop on a Friday morning conference call, but AOL CEO Tim Armstrong told staffers that the layoffs would occur over the next week. An added dose of drama happened a few minutes into the call, when Armstrong fired a Patch higher-up who pulled out a camera during the meeting. Patch CEO Steve Kalin is out, and will be replaced by Bud Rosenthal, president of paid services and membership at AOL. Armstrong, it seems, wants ...

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