Is Yahoo looking to “Patch” in to local media?

Business Insider makes a pretty good case for the theory that Yahoo is trying to go hyperlocal and jump into the AOL/Patch space. 1. Yahoo is looking for a local editor for NYC. 2. A source tells BI that Yahoo may redirect users to a cityname.yahoo.com site. 3. A top VC tweeted – then trashed – that Yahoo was investigating a relationship with Fwix. (Thanks to LR Faithful Member Steve R. for the tip!)