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Despite High Hopes For Patch, AOL Is Now Winding Down The Hyperlocal News Site

It all started out so optimistic: When AOL’s chief executive Tim Armstrong came onboard from Google, his dream of a network of local news sites that would cover all the comings and goings of communities across the country seemed like it could work out. Patch got $50 million and the high hopes of its fans at AOL in 2009, but now the company says its days are numbered. [More]