Former banker aims to make digital local news a thriving business in Britain [Toronto Globe and Mail (Ontario, Canada)]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Toronto Globe and Mail
Karl Hancock spent 25 years at the epicentre of London’s financial world, working for Goldman Sachs, Citigroup and Berenberg Bank. He’s given that up for an unlikely crusade to revitalize local news and he’s planning on hiring 1 journalists in towns across . Mr. Hancock has launched Nub News, a hyperlocal media outlet that mixes old-fashioned reporting with computer algorithms to cover every aspect of small-town living from what’s on at the cinema to train schedules, road repairs, real estate listings and the latest council shenanigans. The service has expanded to 26 communities since it launched last year and Mr. Hancock says he’s just getting started. His aim to reach up to 7 towns and small cities with a team of more than 1 reporters. There’s certainly a gap to fill. Like Canada, has seen a steady drop in the number newspapers and journalists covering small communities. From 25 to 218, lost 245 local papers and the downward trend shows no sign of slowing down, according to Press
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