Noedel.com

Tens of millions of dollars are being spent by Yahoo and AOL (Patch.com) to build national web fabrics of hyperlocal news sites.

But if you are a local journalist or a local media sales person, you'd be far better off starting your own independent locally-owned news site in your town than helping one of these giant corporations build theirs.

Would you rather own your own home, or rent in a high-rise?