AOL's Tim Armstrong Touts Patent Deal, But Slams NYT: Video

Anchors on CNBC’s Squawk Box joked about how quickly the AOL chief executive made it to their studios to crow about this morning’s $1.1B patent deal with Microsoft — which sent AOL shares soaring. “This is not a home run. It’s a grand slam,” Armstrong says promising to return “as much of the cash as possible” to shareholders. But he also took a shot at The New York Times for apparently having been spun last week: The┬ápaper was fed an exclusive story that said Huffington Post’s Arianna Huffington ended up with “more authority” at AOL in a new reorganization. “We probably could do a better job with the accuracy of that report,” Armstrong said adding: “This isn’t Dallas.”

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