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February 7, 2013 10:43 pm GMT
It's not easy trying to make money as a hyper-local network these days (just ask AOL's Patch), but in a surprising move, NBC just announced that it is shutting down EveryBlock, the Knight Foundation-backed news and information site MSNBC acquired in 2009. In an email to Poynter.org, NBC Vice president and chief digital officer of NBC News Vivial Schiller wrote that the service "wasnt a strategic fit with our growth strategy and like most hyperlocal businesses was struggling with the business model.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Dtbgg53i5qQ/
NBC Shutters Hyper-Local News And Information Site EveryBlock After Failing To Find The Right Business Model
It's not easy trying to make money as a hyper-local network these days (just ask AOL's Patch), but in a surprising move, NBC just announced that it is shutting down EveryBlock, the Knight Foundation-backed news and information site MSNBC acquired in 2009. In an email to Poynter.org, NBC Vice president and chief digital officer of NBC News Vivial Schiller wrote that the service "wasnt a strategic fit with our growth strategy and like most hyperlocal businesses was struggling with the business model.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Dtbgg53i5qQ/
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