NBC Shuts Down EveryBlock

Comcast (NASDAQ: CMCSA  ) and General Electric's (NYSE: GE  ) NBC has terminated the activities of its news division's EveryBlock.  A tersely-worded statement posted on the hyper-local news website's blog said that:

It's no secret that the news industry is in the midst of a massive change. Within the world of neighborhood news there's an exciting pace of innovation yet increasing challenges to building a profitable business. Though EveryBlock has been able to build an engaged community over the years, we're faced with the decision to wrap things up.

It did not elaborate on the reasons for the closure.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2246189, ~/Articles/ArticleHandler.aspx, 7/28/2014 12:29:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 16,926.29 -34.28 -0.20%
S&P 500 1,973.76 -4.58 -0.23%
NASD 4,429.67 -19.89 -0.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/28/2014 12:13 PM
CMCSA $54.26 Down -0.14 -0.25%
Comcast Corp CAPS Rating: ***
GE $25.58 Down -0.22 -0.83%
General Electric C… CAPS Rating: ****