anglia: Google is one such company, and now it has an added interest in East Anglia as it is partnering with local news company Archant to create three digital newsrooms in communities currently underserved by news . The venture, Project Neon, looks very much a carbon copy of Project Compass in the US, where Google is also partnering with a large local news chain, McClatchy, to set up digital outlets in news deserts, according to The Guardian. The first Project Compass experiment will be based in Youngstown Ohio, where the local newspaper, The Vindicator, printed its final edition on 31 August. Silicon Fen as it is appropriately known, has been a key investment site for global technology companies wanting to tap into Cambridge University's research capacities. It had succumbed to the pressures of falling revenues caused by a shift in newspaper reading habits and by the migration of advertising revenues to principally Google and Facebook. Both Google and Facebook are spending about 100m 80m a year each on journalism projects of a wide variety, but almost all of it is in grants or support to third parties. The Neon Compass projects are fascinating in that they represent the most direct intervention to date of any technology company in providing news.
(news.financializer.com). As
reported in the news.
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