As AOL pours $50 million into its hyperlocal news site Patch.com to expand its sites around the country, smaller competitors are maintaining confidence that their platforms can survive AOL’s aggressive content strategy. Outside.In CEO Mark Josephson told GigaOm recently that he welcomes Patch into the space, because the site provides more content for his hyperlocal news aggregator to source. But what about the future of existing, local news sites in cities, such as the Tribune’s ChicagoNow, which has a similar model to Patch? While Patch hasn’t reached Chicago yet, we hear that it will be arriving soon.
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