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

|About: AOL Inc. (AOL)|By:, SA News Editor

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)