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AOL denies report Patch is on the chopping block

Dec. 16, 2013 8:06 AM ETAOL Inc. (AOL) StockAOLBy: Clark Schultz, SA News Editor
  • AOL (NYSE:AOL) says a report from The New York Times indicating the company plans to wind down Patch is inaccurate.
  • CEO Tim Armstrong has been a long-time supporter of Patch despite the news service's inability to produce profits.

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