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As Starboard Value continues to blast AOL for the huge losses generated by its Patch local news...

As Starboard Value continues to blast AOL for the huge losses generated by its Patch local news network, AOL tries to defend itself by reporting Patch saw a 14% M/M increase in monthly unique visitors in May, to 11.7M. AOL also claims Patch's revenue topped its November '11 record by 14%, though it failed to provide a specific figure. Patch recently announced it would be conducting major layoffs. (more)
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