Patch Sites Turn Corner After Sale and Big Cuts

Patch’s new controlling owner took over in January, and soon after, only 15 percent of its news staff was left. It has managed to turn a profit in the last three months.



AOL Reports Solid Revenue, but Patch Weighs on Profit

The media company said it benefited by selling video advertising on the web globally, with 23 percent growth in that revenue.

    



New Owner of Patch Lays Off Hundreds

Hale Global, which acquired a majority share of the local news enterprise from AOL, cut jobs from a staff of 450.

    



AOL Finds a Partner to Run Its Troubled Patch Division

The local news network has been a personal passion of AOL’s chief executive, Tim Armstrong, but also something of an albatross.