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Report: AOL will shut down Patch

Dec. 16, 2013 7:23 AM ETAOL Inc. (AOL) StockAOLBy: Clark Schultz, SA News Editor
  • AOL (NYSE:AOL) will reportedly shut down Patch despite recent comments from CEO Tim Armstrong that he would keep fighting to keep the news service alive.
  • Last week, the exec suggested Patch could end up forming a partnership with another company if it didn't finally become profitable for AOL.

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