Patch aims for profitability, shifts platforms

Patch hopes that all 903 of its hyperlocal news sites will be profitable by the end of 2013, and that many of them will have migrated to a less-newsy, more community-based platform, company president Warren Webster said on Tuesday evening.

He was interviewed by Forbes media reporter Jeff Bercovici at the end of the first day of Street Fight Summit, the hyperlocal conference.

“We went into 2012 having built this enormous organization,” Webster said, and “now we’ve built this machine; this machine has to work.” About 100 sites are profitable, mostly the oldest ones

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