Tuesday, August 18, 2009

Can Anyone Tap the $100 Billion Potential of Hyperlocal News?

Why is a media titan like The New York Times Co. -- already stretched thin by the challenges of a faltering business model -- dabbling in community news, traditionally the bottom of the journalistic food chain? Call it the Google Effect. The search giant's model, described by author John Battelle as "a billion dollars, one nickel at a time," is a perfect description of how media companies hope to take tiny sources of local revenue and roll them up into big money.

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