For the uninitiated, Patch is an AOL media company which hires local journalists and editors to write about local news.  They concentrate on small cities with relatively high household incomes (“relatively” being the key word here), offering web-only hyper-local stories.  Each city’s Patch is run by a professional journalist (albeit one not very far along in their career, as city editor’s salaries are said to be about $45K a year), who hires a stream of freelancers to write these stories.  In addition to its own stories, each Patch publishes stories of regional interest.  They plan to generate revenue by selling [Continue Reading]