AOL to Shutter or Sell Unprofitable Patch Sites

While some at AOL were likely excited about the news of its Adap.tv purchase announced this morning, the same can’t be said about those working for Patch, AOL’s network of hyperlocal news sites.

According to Forbes, Tim Armstrong — AOL’s CEO — maintained that he wanted Patch to be profitable by the end of 2013, and any sites that didn’t help the bottom line would be in for changes:

Armstrong finally revealed how he plans to keep his promise to make the network of local news websites profitable by the end of 2013: by closing, selling or finding partners for the 300 or so Patch sites that, in the company’s estimation, aren’t on a course to break even anytime soon.

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