6 Hyperlocal Failures That Foreshadowed AOL Patch's Woes
Layoffs latest in a six-year trend of bad news
The digital hyperlocal news model took yet another hit today with AOL Patch laying off some 500 employees, nearly half of the business unit's workforce. But it's not exactly shocking when looking at recent years of one hyperlocal venture after another falling by the wayside.
Patch was founded by Tim Armstrong in 2007 before he purchased the company as AOL CEO two years later. The local news platform, which relies on editorial staffers around the country, still has around 600 people in place and maintains hope that it will not go the way of AOL's Seed, a paying open content submission platform that Armstrong & Co.
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