NEW YORK, Sept. 26, 2018 /PRNewswire/ -- The Local Media Association and the Local Media Consortium, two of the media industry's most innovative organizations, announced today that they are forming a strategic partnership to develop new economic opportunities and sustainable business models that support local journalism. The strategic partnership between the LMA and LMC will result in a more focused approach to creating value and economic benefit to local media companies.
The partnership will involve collaboration on initiatives important to the local media industry - such as consumer data and privacy, subscription models and ad revenue - as well as build on its cooperative relationship with its technology partners, which includes Google, Facebook, Amazon and many others. In addition, the two groups will co-host a joint conference in September 2019 focused on media transformation.
The LMA, an industry trade organization that supports more than 3,000 local media organization, uses research, training, and experiential learning to maximize digital opportunities and help local media companies discover new and sustainable business models. The LMC, a strategic alliance of leading local media companies, provides economic benefit to its members by negotiating partnerships with tech and advertising platforms that provide increased revenue or cost efficiencies. Both organizations serve as thought leaders on a wide variety of topics that impact the media industry.
"When it comes to collaborating on how to help local journalism thrive, there is no better partnership than the LMA and the LMC," said Matt Coen, Chairman of the LMA Board of Directors. "While our goals are completely aligned, we bring very different and complementary skill sets to the table. By working together, we can better serve the industry and work on creating innovative and sustainable business models."
"We're excited to join forces with the LMA and build upon the great work of both our organizations," said Chris Loretto, Chairman of the LMC board of directors, "This will be game-changing for the industry because it combines the negotiating power of the LMC with the research and educational expertise of the LMA."
The partnership is effective immediately and the two organizations are already exploring ways to provide an even bigger benefit to their collective members.
About The Local Media Consortium
The Local Media Consortium is a strategic partnership of leading local media companies focused on increasing member companies' share of digital revenue and audience by pursuing new relationships with a variety of technology companies and service providers. The LMC was founded in 2013 to address the needs of advertisers seeking to reach high-quality audiences on brand safe local digital properties at scale. In addition, the LMC provides members with access to leading technology and content solutions by fostering key partnerships with companies including Google, Monster, Yahoo and others. LMC membership encompasses more than 80 local media companies in top markets across the United States, Puerto Rico and Canada and includes more than 2,200 media outlets. The LMC audience footprint currently spans 172 million unique monthly visitors and its member companies serve more than four billion page views to readers. More information is available at www.localmediaconsortium.com.
About The Local Media Association
The Local Media Association is a thriving and innovative association that serves local media companies (newspapers, TV, radio, directories, digital news sites, and more) as well as research and development partners in the industry. LMA assists local media companies with the digital transition via cutting-edge programs, conferences, webinars, research and training. They are intensely focused on helping local media companies discover new and sustainable business models. Learn more at http://localmedia.org.
Kristin Brocoff, 949-400-4899
Christina Gillham, 646-868-5174
SOURCE Local Media Consortium