The ever-evolving news media landscape has reached a crossroads — both nationwide and in Connecticut.
Digital First Media, which counts three daily papers in Connecticut among its holdings, announced last week that the failure of Thunderdome, an innovative platform to provide content to DFM’s 75 daily newspapers, has failed to live up to expectations and will soon be on the chopping block.
It’s a blow to the evolving model of local journalism on a par with the recent firesale of Patch. But unlike the online-only Patch, DFM is still saddled with legacy printing costs.
Moreover, the move is widely assumed to signal that since DFM’s hedge-fund owner, Alden Global Capital, is growing impatient with DFM’s struggle to provide a sufficient return on investment, a sale of the company’s newspapers will soon take place.
Contributing op-ed columnist Terry Cowgill lives in Lakeville, blogs at ctdevilsadvocate.com and is news editor of The Berkshire Record in Great Barrington, Mass. Follow him on Twitter @terrycowgill.
See the complete story at CT News Junkie.
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