With hyperlocal forums on the rise, will they replace or complement local news?

Hyperlocal efforts got an infusion of cash earlier this month, when the neighborhood social network Nextdoor scored $21.6 million from leading venture capitalists. The backers — led by Greylock Partners David Sze, who has invested in Facebook, LinkedIn, and Pandora — are betting that the platform for private, geographically based forums will be the next hot thing in local news and information and could even build community in neighborhoods across the country in the process. [Read more…]