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His Daily News specializes in the sort of B-list local reporting that once formed the backbone of the dailies’ city report — in the day when the various municipal and county boards and courthouses each had its own assigned beat reporter. Dougherty said that Monday morning his site would offer the best local news in Chicago. I don’t agree — I’d describe his report as supplemental coverage, though it’s valuable. Or worthy might be a better word — but I know that word grates.
“The spreadsheet is payroll only. But our experience is that other expenses are pretty much negligible. Tack on an extra 30% for benefits. We’re paying $25,000 in rent for a space that would house the reporters listed below. A couple thousand bucks for insurance, some cash for the lawyers and accountants, and you’re in business for well under $2 million.”
