Can New Local Media Consortium Succeed Where Others Have Not?
For two decades, legacy media have tried to pool their threatened resources and capture digital ad revenue to replace the billions of dollars that stopped flowing to their newspapers and TV stations. They have had some successes, but their more ambitious digital partnerships haven’t fared well. Now, a new group of old-media companies have banded together to form the Local Media Consortium in the hopes that it will it be able to succeed where other tie-ups have not…