Despite Shaky Business Model, Hyperlocal News Opps Abound

As AOL chief executive Tim Armstrong looks to pull his struggling Internet access business out of the doldrums, he’s investing heavily—to the tune of $40 million in Q1 of 2011 alone—in hyperlocal news operation For those not in the know about Patch, it’s a community-specific news and information platform that provides local news coverage for individual towns and communities. At press time, the number of towns/communities served stands at more than 850, with editors/reporters at over 1,000. An interesting nugget on the Patch blog: there’s a new piece of original Patch content published every 12 seconds.

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