"After just four months of operation, the Orange County News Network is shutting down, according to a memo obtained by the Orange County Biz Journal. The network was part of the larger U.S. Local News Network, which also runs the San Diego News Network and Southwest Riverside News Network. In any case, itâ€™s a blow to USLNNâ€™s goal of establishing other local news sites in 40 U.S. and Canadian cities over the next two years. USLNN has raised $3 million, including $1 million in January."
"On a more positive note, earlier this week, The Atlantic claimed that it was having a pretty good year so far, claiming that ad pages were up 21.75 percent this year, while ad revs at TheAtlanticWire.com project grew 155 percent in the first half of the year. "
"Wired magazine sold 24,000 copies of its $4.99 app in the first 24 hours of its release, according to a tweet by John Abel, the magâ€™s NY bureau chief. With the 70 percent revenue split, that means that Conde Nast took away $83,832. It helps that Wiredâ€™s tech audience tends to be early adopters, so it remains to be seen if other Conde Nast titles will enjoy that same immediate sales jump. Not surprising, the Wired app has already shot up to number one among the paid apps, way ahead of Vanity Fair, whose $4.99 app was released two weeks ago and is at number 90. The Wired app number is impressive, especially since Conde Nast has already counted about 63,000 paid app downloads across both the iPhone and iPad since November, all of which go toward its total circ, under the Audit Bureau of Circulations."
"The maths suggest that he might be right. Setting aside talk of 100 percent increases, Iâ€™ve used a range of more realistic growth rates to estimate how long it might take GNMâ€™s digital operations to earn the Â£100m required to keep a decent-sized newsroom operating seven days a week.
At 10 percent annualised growth, the target date is 10 years away, in 2020.
At 15 percent, itâ€™s seven years away, in 2017.
At 20 percent, itâ€™s five years away, in 2015."