Another nail in the coffin of newspapers and local media. Today, ESPN launched ESPN Chicago, a version of ESPN.com specific to Chicago sports. Basically, they are going to try to leverage their scale to deliver localized content to Chicago. But it’s not just Chicago, this is going to scale to the major markets across the US and Canada. The incremental cost to develop this site was probably relatively minimal, but they will now be able to charge a premium to advertisers who want to market online to a predominantly Chicagoland audience. I’m sure NYC, Boston, LA, Dallas and others are not far behind. And just think, with ESPNZone in Chicago, they can have some serious multimedia, multi channel promotions to dream up. It will be interesting to see how the market reacts to this – whether they will gravitate to this offering or if they will continue to stick with their trusted sources like the Tribune, the Chicago Sun Times and the bartender at Harry Caray’s.