Patch Hyperlocal News Service in Rebound After AOL

Wall Street Journal: Two years after Hale Global purchased a majority stake in Patch from AOL, the turnaround specialist said its efforts in hyperlocal news are bearing fruit. Patch attracted 23 million users in January, up from 10 million in August 2014. What’s more, the company said it is profitable and plans to expand in 2016. Patch’s network now consists of over 900 community-specific sites in 23 states. It employs 125 full-time staffers.