Tim Armstrong's "Patch" to Cash In on Death of Newspapers?

With newspapers croaking right and left, American citizens are justifiably wondering what or who is going to fill the local-paper vacuum. To that end, a handful of companies have tried to float new local news models.

So far, most have failed (WaPo’s Loudoun County experiment, for example). Google boss Tim Armstrong, however, seems to be on the right track with his new company, Patch.

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