An anonymous reader writes "AOL is closing or plans to sell nearly half of the 900 'hyperlocal' news websites operated by its money-losing Patch Media subsidiary (TechCrunch is also owned by AOL). Hundreds of staff layoffs are believed to be imminent. AOL acquired Patch in 2009, soon after ex-Googler Tim Armstrong took over as CEO; Armstrong was also a co-founder of Patch. During a tough conference call last Thursday Armstrong told Patch editors: 'Something at Patch has been missing for some time and that's leadership – leadership with a capital L'. Armstrong then demonstrated his grasp of Donald Trump's management style by firing an employee during the meeting for taking a picture. At 1:18 of the NY Post's sound clip from Jim Romensko: 'Leaking information Patch isn't going to bother me. I'm not changing direction'. At 2:00: 'Abel [Creative Director Lenz], put that camera down. Abel, you're fired. Out.' Armstrong later explained that 'The reason I fired Abel is I don't want anyone taking pictures of this meeting' and that, much like a sports team, AOL couldn't afford to have people 'giving the game plan away'."
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