Tim Armstrong Welcomes New Patch CEO, Delays Layoffs
A very reliable Patch-connected source, who wishes to remain anonymous, has passed on to FishbowlNY the main details of this morning’s company-wide conference call.
As we reported last night, Steve Kalin is out as CEO. The new man in charge, joined at the hip with AOL chief Tim Armstrong (pictured), is Bud Rosenthal. Armstrong sees Rosenthal as an individual who can be a game-changer during the company’s transition to, hopefully, long-term profitability.
Armstrong admitted that “leadership” has been missing for a long time at Patch and that if staffers are looking to blame anyone for the difficult current state of affairs, they should blame him.
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