The most important factor is that on the internet local news media lose their geographical monopoly. So everyone can subscribe to NYT or WSJ no matter where they live. This effectively creates a winner takes all situation like in many other industries which get closer to a free market. Add to that the fact that classified ads have been taken over by likes of ebay, LinkedIn, craigslist, etc. Basically the business mod…
> ...local news media lose their geographical monopoly I realize what you're saying, but really, local news will always have a geographical monopoly. Can the NYTimes or WSJ even think about covering local issues? How will investigative reporting function for say a local office holder or a local environmental problem? To my knowledge the real problem is that the traditional business model supporting reporting has drie…
I say "not much" because there might be a chance that people would appreciate the combination of local news combined with the national and international coverage that would be shared among all these editions. But that, also, isn't exactly new: it's what these "newspaper chains" have been doing for at least 20 years.