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AOL's money-losing Patch local news unit plans to cut staff and focus on producing "easy,...

AOL's money-losing Patch local news unit plans to cut staff and focus on producing "easy, quick-hitting, cookie-cutter copy," a source tells Jim Romensko. Moreover, while the source believes AOL is committed to Patch for 2012, it thinks the plug could be pulled in 2013 if Patch hasn't made "real moves towards profitability." Patch is believed to have lost over $100M in 2011. (previously)
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