AOL’s Patch ‘In Line to Make a Profit’

By: Lisa O’Carroll The Guardian

AOL has said its US local news service, Patch, is on schedule to turn its first profit within the next 12 months, facing down critics who questioned its investment in the network.

Tim Armstrong, the AOL chief executive, told the Dublin Web Summit on Thursday that he is convinced that investing in local community services will pay off even though local newspapers in the US, as in the UK, are struggling to find their way.

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