Backfence.com folded about a month ago, and many onlookers interpreted that as a death knell for hyperlocal news sites. The “participatory news network” of NowPublic is doing just fine, however - the company has received $10.6 million in funding.
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A press release calls the investment “the largest single commitment to citizen generated news yet assembled by a company in the category,” and off the top of my head, I can’t think of any reason to argue with that statement.
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NowPublic's News Network Secures $10.6 Million
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