After more than five years of reporting on school-board meetings and community bake sales, AOL Inc.’s Patch is now at the center of another story: whether the company’s bet on local news can be profitable.
Banca Monte dei Paschi di Siena SpA, the bailed-out Italian bank embroiled in a fraud probe, proposed removing a limit that caps voting rights at 4 percent as it seeks to attract new investors to boost capital.
AOL Inc . agreed to buy the Huffington Post for $315 million as the Internet company spun off from Time Warner Inc. increases its investments in online content to help revive growth in advertising revenue.
Demand for Web commercials played alongside video clips is fueling growth at marketing startups, putting such companies as Tremor Video Inc., YuMe Inc. and Adap.tv Inc. on course for initial public offerings this year.
The Huffington Post, the news site that began in 2005, will post its first annual profit this year and aims to keep sales rising as it turns readers into pundits, founder Arianna Huffington said in an interview.
AOL Inc., after buying the Huffington Post website this year to revive sales growth, is accelerating its expansion of local coverage to lure readers interested in campaign news ahead of the 2012 presidential election.