AOL's Patch: Big Losses on Hyperlocal News - Businessweek

In the fall of 2009, a group of journalists and publishers gathered in Manhattan to hear Jeff Jarvis, a Web evangelist and blogger, deliver a talk about the bright future of “hyperlocal” news. Jarvis told the assembled group that even as small- and mid-sized papers were closing down, community journalism was being remade by thousands of independent, local bloggers. And these solo news artists appeared to be making good money: Bloggers working in communities with 50,000 individuals were pulling in $200,000 a year in advertising revenue, according to a study from the City University of New York’s Graduate School of Journalism, where Jarvis is a professor.