AOL's Q4 earnings today saw that company (which owns TechCrunch) finally make a turnaround, after 8 years of decline, into revenue growth, with overall sales of $599.5 million. But there are still a of areas that are seeing flat or declining revenues, and some that are loss-making: among those is AOL's hyperlocal effort Patch. On the investor call today, CEO Tim Armstrong admitted that the division had not reached its revenue target of $40 million-$50 million, and that it was still unprofitable (specific losses not released), but that the aim was for it to reach profitability by Q4 of this year.Source: http://feedproxy.google.com/~r/Techcrunch/~3/xC8ZWsSn48g/
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