In an AOL staff memo last week, CEO Tim Armstrong announced news staff layoffs at Patch.com. He also promoted president and COO of Patch Media to its CEO, replacing Jon Brod, according to All Things Digital. There was no mention of any advertising sales layof
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Advance Publications, parent of Conde Nast, has just announced that former Yahoo executive Andrew Siegel is to head up Conde Nast strategy and corporate development. To help him get this done Advance has sold Discovery Communications preferred stock - $500 million of it. According to