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Video: Tim Armstrong On AOL’s Big Push Into Local

AOL (NYSE: AOL) CEO Tim Armstrong went on CNBC today to discuss AOL’s local news. Aside from announcing that the company’s network of hyperlocal sites would move into additional geographies, including California, Armstrong said AOL would relaunch City’s Best, a local nightlife and dining site the company had stopped investing in about two years ago. There’s more in the video below, including Armstrong on how AOL plans to maintain its relevancy — if it hasn’t lost it already.