AOL was jumping Monday as investors embraced the media company's
decision to pare down its money-losing, much maligned locally-focused
news operation, Patch.com.
AOL was gaining 3% to $34.97 in mid-day trading after a company-wide
memo announced that Patch would only retain staff covering the "very
best towns with the highest traffic and revenue" in its top 14 markets,
regions that include New York City, Los Angeles, San Francisco and