AOL's (AOL -7.6%) losses accelerate following its thwarting of Starboard Value's efforts to win...

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

AOL's (AOL -7.6%) losses accelerate following its thwarting of Starboard Value's efforts to win five board seats. Investors had bid up AOL shares this year partly on hopes Starboard would succeed in forcing AOL to curtail the losses posted by its online media division, a major point of contention for the activist fund. Instead of new board members, shareholders attending AOL's annual meeting saw a spirited defense of the company's money-losing Patch local news unit.