The latest efforts to revive traditional media involves hyperlocal journalism – i.e., local community news targeted at community members.
The Washington Post recently announced a foray into this space. The Tampa Tribune is cutting 70 jobs (of 1,200 total employees) in order to refocus on online hyperlocal content.
Venture-backed startups, such as NowPublic, a citizen journalism website, have been raising capital at an increasingly fast pace.
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