What Yahoo and AOL CEO Tim Armstrong learned from Patch's struggles

Patch was a big, risky bet that taught Armstrong "discipline," the Verizon media boss says. Tim Armstrong runs a "house of brands" at Oath -- the Verizon subsidiary that contains AOL, Yahoo and all of the organizations that they own, including HuffPost, Tumblr and TechCrunch. But one brand that's no longer in-house, the local news site Patch, taught him a lot about how to run the rest. "There were two things with Patch that were problematic," Armstrong said on the latest episode of Recode Media ...