Patch is the news industry's problem, not its solution

Patch is the news industry's problem, not its solution: "Shafer missed one crucial qualifier in his hypothesis, though. Hyperlocal's a waste of time and money for national corporations. What's happening in the news industry today is not the Internet destroying the news industry by spreading free content. It's the Internet destroying the national news chain by eliminating of the traditional economies of scale for the news industry."