AOL Axes Patch, Massive Staff Cuts http://bit.ly/17vFXex Dead set on profitability, AOL has dropped the axe on Patch. About 350 editors in the local news unit can expect pink slips; another 150 or so will be told to sit on their hands while AOL tries to
find placement for them at other properties, per a source. Of Patch’s roughly 900 local news sites, AOL is expected to continue supporting about 540 of them.
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