AOL Planning Major Expansion of Patch Community News Sites

New York
– Eight months after acquiring local news and information firm Patch Media, AOL (NYSE: AOL)
is now planning to substantially expand its network of community news blogs,
Silicon Alley Insider reported, citing an internal memo.

The company currently
runs 33 localized Patch sites in New Jersey, New York and Connecticut,
but plans to grow that number into the "hundreds" by year’s end.

In
the memo, AOL said that the expansion is part of its effort to "be leaders
in one of the most promising ‘white spaces’ on the Internet."

AOL acquired
New York-based Patch Media last June.

At the time, CEO Tim Armstrong vowed to
make local sites "a core area of focus and investment for AOL."

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