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As the recession continues to hurt major media organizations, many news outlets are having to shutter their regional bureaus due to budget cuts, even though the prospects for local content — and advertising — online are growing. Read More

Outside.in , which has raised $12 million over the last two years, got its biggest endorsement to date this week with CNN's announcement that it would invest in the hyperlocal aggregator as part of a $7 million funding round . Read More

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