Thursday, April 28, 2011

Guardian Local to shut down soon

UK's Guardian Media Group will soon shut down Guardian Local, the intiative to take journalism hyper-local with an online model it had tried out in 2010. The group said the initiative did not turn out to be financially viable though it did create local communities. RIP Guardian Local

It has been 10 years since dotcom boom-bust cycle happened, but online media experiments continue to remain unviable. I wonder when will online journalism start making enough money to sustain itself and wonder why it has not managed to work.

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