New Media Minute


New Media Minute

As journalism changes and newspapers undergo seismic shifts, big media companies are setting up local shops, and they’re hoping to win local online ad dollars as a result. AOL, ESPN, New York Times and NPR are all expanding quickly in the hyperlocal online business. Local online advertising has grown 45% each year for the last five years. Here’s a look at the opportunities and pitfalls in this week’s New Media Minute.