AOL Bets On Hyperlocal News, Finding Progress Where Many Have Failed (NYT)

City council meetings, high-school-football games, and store openings may seem like small-town news, but they are critical to AOL’s revival effort. Over the past year-and-a-half, AOL, the former Internet colossus, has spent tens of millions of dollars to build local news sites across the country through Patch.com.

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