"AOL CEO Tim Armstrong said Monday that the Internet company's troubled local media business Patch is not being shut down.
The New York Times reported Sunday that the executive was "finally winding down" Patch, a network of local news websites that he helped start and that AOL acquired after he joined the company from Google.
"We are talking to partners and it is not being shut," Armstrong wrote in an email to USA TODAY."
AOL claims that reports of Patch being killed off are inaccurate, though I think it's more a case of them being premature. AOL can't make Patch work and is trying to either find a buyer or attract partners. Patch's future is highly uncertain.