Patch is AOL’s local news network of blogs.
We are very sceptical of its business prospects because it lost about $100 million last year, and, with about 900 editors only draws about 10 million unique visitors per month (by contrast Huffington Post, draws 40 million uniques with only 200 or so editors).
Patch is a very expensive experiment that is not paying off.
Some Patch employees take our scepticism personally.
One of them just sent an email to us.
You must read it.
It’s wonderful, though it doesn’t do a very good job arguing that Patch isn’t wasting AOL shareholders’ money. Update: Now we’re hearing reports of looming AOL layoffs, which makes this party even weirder.
You must also scroll down to see the photos attached to the email.
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