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.
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.
1 comment:
I think it perhaps has to do a lot with people associating free news with the online medium. I guess consumers don't mind sacrificing authenticity for speed and also don't mind getting it from grapevine instead of conventional news media. Am curious to see how NYT's attempt to go behind a paywall will affect it online.
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