Some good info here.
Excellent article David! Hyper- Local is where it's at. We have some forwrd thinking 'Newsmen' right here in Nashville. My friend Susan Leathers was editor of Williamson County Entertainment for The Tennessean. A few years ago, when the first big layoffs came she was served notice. Not one to sit idle, Susan started a Hyper-local, FREE, web based newspaper called Brentwood Homepage. Local school sports, local news and, most importantly, local advertisers. Fast forward to today and Brentwood Homepage has three papers under their brand- Franklin Homepage, Nolensville Homepage, and the original Brentwood Homepage. She's not rolling in Rockefellor- Gannet mega money but, she delivers a great service and has a steady business.
There is big change a foot. The New School in NYC added courses in Hyper-Local journalism a few years ago, however, your ideas of adding tablets for subscribers and optimizing ads for location takes it to a whole new level. Great ideas David!