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Articles tagged Billy Penn (24)

Lookout doesn’t want its local news sites to be a supplement or alternative to the local daily. They aim to be the news source of record in their communities, outgunning their shrunken newsprint rivals from Day 1.
Newspaper company CEOs will be the first to tell you a new round of consolidation won’t solve their problems. But it might give them another year or two of breathing room.
“You’re going to have micro-community sites with 72 lost-dog stories a day and [you’ll have] investigative reporting — but most of the things between those are going to struggle if we can’t figure out the model.”
“As journalists, we’re taught to be competitive and territorial. On the other hand, things are changing dramatically, so don’t assume other people in your local market don’t want to collaborate.”
The three sites together are “just south of 1,500 paying customers,” 60 percent of whom are signed up as recurring contributors (of these, the average annual contribution is around $115 or $120). Denverite, which launched its program first, has around 900 members.
After combining with Denverite, the company behind Billy Penn and The Incline hopes to prove its events-heavy model can work in a dozen or more cities.
“You have an event that goes really well. You send 175 ambassadors out of your event thinking it was awesome, saying ‘I love Billy Penn’s events.’ And on top of that, you make money doing it.”