Local takes another hit with the demise of Digital First Media's Thunderdome
Big news this morning: Digital First Media's Thunderdome Project, an experiment in introducing economies of scale to local news, is dead. (In the photo, DFM's Jim Brady talking to Knight Fellows last year.)
Today, weâll hear official word of the demise of Project Thunderdome, one of the news industryâs highest-profile experiments in centralized, digital-first, mobile-friendly, new-news-partner content creation. Digital First Media CEO John Paton first announced the creation of what became a 50-plus person, New York City-based operation three years ago.
In the closing, and in other cuts at Digital First Media, we see the impact of unending high-single-digit loss in print advertising. The ongoing devastation in print is overwhelming even DFMâs relatively faster pace of digital innovation.
Where DFM went wrong, in my opinion, was its approach to centralized content. The value proposition of local is...well, being local. Content should be the last thing that companies try to replicate across disparate communities.
There's a lot of debate about whether local news can scale at all; I believe it can. But it will take serious focus on the aspects of news production that can and should be centralized (technology, national ad sales, etc.), while letting the locals run the partsâlike contentâthat should always be local.