AOL lays off about 500 at local news site Patch -- about half of the unit's total workforce.
Patch to close or consolidate 150 of 900 local news sites.
Layoffs expected after meeting employee-wide meeting earlier this week AOL said Friday it is laying off about 500 employees at Patch, or about half of the total workforce working for the local news site division.
The New York-based media company is also closing or consolidating about 150 of the 900 news sites that are designed to compete with local newspapers for online viewers and local merchants' advertising budgets.
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