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Patch Perks Up Post AOL

Albeit as a shadow of its former self, Patch appears to be doing well under the ownership of Hale Global -- the investment firm that took the local news network off of AOL’s hand earlier this year. “Patch is on the mend, pared down and profitable under a fresh leadership team,” The New York Times reports. As Charles Hale, head of Hale Global, tells NYT: “We’ve eliminated a great deal of corporate bureaucracy from the AOL model … We’re back in start-up mode.”

Read the whole story at The New York Times »

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