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Blog hired 450 journalists this summer

This from the Business Insider:

AOL made 900 hires over the summer with 50% of the new people going to local blogs network Patch, CEO Tim Armstrong just told employees in a company wide meeting.

Figure all-in costs for each new employee is $100,000 per year, and AOL is set to spend $45 million per year on its new Patch employees.

That’s right in line with AOL’s previously announced plans to invest $50 million in Patch this year. representatives are coming to Kennesaw State University via our Center for Sustainable Journalism and Department of Communication on September 15 to make a pitch to our students and alumni, looking for full-time or freelance work.

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