AOL on Friday announced plans to significantly downsize its Patch local news business, cutting nearly half of its approximately 1,000 employees and either closing or consolidating about 20% of its money-losing websites. "Patch's strategy will be to focus resources against core sites and partner in towns that need additional resources," AOL said in a statement. "Unfortunately, with these changes we are announcing today, we will be reducing a substantial number of Patch positions." .
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