You know how I was making the case that hyperlocal news wasn't dead, it was just hard to sustain without deeper pockets and the help of mainstream news organizations? Yeah, so today Fisher Communications announced that it was purchasing Pegasus News.
Pegasus is a Dallas-based company that provides users with personalized, local news and information. Fisher is a Seattle-based communications company that operates web sites for a number of television stations. While Pegasus will continue to be based in Dallas, there are plans to expand to other cities around the country.