Daily Voice Shows Scale and High CPMs Can Mix in Hyperlocal News
Trying to scale community news has many pitfalls. Sites that go for scale can end up publishing glorified “bulletin boards” as they seek to spread budget-limited journalistic resources across multiple communities. The end result can be bottom-fishing remnant CPMs that can be as low as $1. Carll Tucker, CEO of six-year-old Daily Voice, which recently expanded into North Jersey, says its scaling model has produced average CPMs that “hover a few pennies under $8.”
Community Publishers Mixed on Borrell Prescription for Content
Gordon Borrell minced no words in Street Fight recently when he talked about content and audience in the revenue-hot digital space that his new annual local media report pinpoints. He said: “It’s so much not about readers. It’s so much more about consumers. So those folks who are trying to develop hyperlocal sites around good […]
Employees’ Overtime Suit Forces Daily Voice to Seek Bankruptcy Protection
Daily Voice, the recently scaled-down regional network of 41 community news sites, filed for and won Chapter 11 bankruptcy protection this week. The move gives the company relief from an expensive class-action suit by two former reporters who said they and other Daily Voice staff worked overtime consistently but were never paid for the extra hours…
Main Street Connect Announces New CEO, $7 Million in Funding
Main Street Connect, the network of hyperlocal news sites, announced yesterday that Thompson Reuters’ Global Head of Product Management Zohar Yardeni would come on as CEO, replacing founder Carll Tucker who will become chairman of the company’s board of directors. The company also announced $7 million in new funding, matching an inaugural round raised a year ago…
Owens, Tucker Spar Over Indies’ Profitability
Last week, The Batavian’s Howard Owens penned a post on his personal blog about why independent hyperlocal sites were better positioned to be profitable long-term than scaled hyperlocal networks. Main Street Connect’s Carll Tucker, who believes that he has come upon a scalable formula for hyperlocal profitability, responded to Owens’ post last week, setting off a lively debate in the posts’ comments section over whether indies or scaled networks really have the upper hand when it comes to profitability…
Patch vs. Main Street Connect: How Will Hyperlocal Scale?
Does size really matter in hyperlocal? Publishers debated the point on a panel during the first day of the Street Fight Summit. Patch CEO Warren Webster, naturally, said yes: “2010 was all about scaling up. We do believe that size is important.” Main Street Connect CEO Carll Tucker disagreed, saying that his publication started small and built outward, not wanting to “mass produce and see the wheels fall off.”
Main Street Connect’s Tucker Responds to Criticism
In an interview published two weeks ago, Main Street Connect’s founder Carll Tucker told Street Fight that hyperlocal Web sites need the efficiencies of scale to truly become profitable businesses rather than “passion or hobby” sites. His words clearly touched a nerve, sparking a slew of impassioned comments, as well as reactions on Twitter and elsewhere. Ahead of his network’s Wednesday launch of 32 new sites in Westchester County (N.Y.), Tucker wrote a long comment in response to some of the criticism that was lobbed his way…
Main Street Connect’s Tucker: Hyperlocal Needs Scale
A veteran in the community news business, Carll Tucker founded the community news company Trader Publications in 1981, built it up, and sold out to Gannett in 1999. Then, two years ago, he came to the conclusion that the community news model he’d been so successful at offline hadn’t really been replicated on the Web. And so he founded Main Street Connect, a small-but-growing collection of community sites that began in Connecticut and soon will expand into Westchester (N.Y.), and beyond…
Deep Cuts Brought Daily Voice Back From the Brink
Faced with uneasy investors and a cash burn of $500,000 a month, the company’s founder Carll Tucker wondered last weekend: “Is this it?” But after 48 hours of number crunching, Tucker finally came up with a one-page document that he was convinced would be Daily Voice’s passport to a secure future…