LOCAL INDEPENDENT ONLINE NEWS PUBLISHERS SUMMIT

Optimism Reigns at Hyperlocal News Confab

Bouyed by Patch’s retrenchment and data showing that as many as one-third of hyperlocal news sites now boast profit margins, members of the Local Independent Online News Publishers Association met in Chicago last weekend. The bottom line: There’s no single prescription for success in an industry where advertising, events and membership fees are among strategies for funding neighborhood news sites.