Isn't his board getting tired of the mea culpas?

AOL CEO Tim Armstrong was having a conference call last week with Patch employees about shutting down sites and laying off staff, when he did something that surprised everyone.

AOL hoped to create a viable new model for local news, but now it's planning dramatic cuts to Patch sites and staff.

CEO Tim Armstrong talks about AOL's hopes to reinvent itself and compete with Google and Facebook.