December 10, 2013

All Things D | JimRomenesko.com

Jon Brod, co-founder of AOL Ventures and Patch, is leaving AOL, Peter Kafka reported Monday in All Things D.

The news isn’t a huge shock, as AOL Ventures has been in a bit of limbo for a while, and Brod was moved there last spring after his second run heading Patch, CEO Tim Armstrong’s big and troubled bet on local news.

Sources say Brod has told AOL that he is headed for a startup; AOL declined to comment.

Also on Monday, Jim Romenesko reported that Anthony Duignan-Cabrera was resigning as Patch’s vice president.

Last month, Poynter reported that revenues were on the rise at AOL, but Patch dragged those results down. In August, Poynter reported on mass layoffs at Patch, and that AOL would be closing or selling Patch sites that weren’t making a profit.

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Kristen Hare covers the people and business of local news and is the editor of Locally at Poynter. She previously worked as a staff writer…
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