SOURCE: Daily Hive

Daily Hive

June 01, 2016 05:00 ET

Vancity Buzz Rebrands to Daily Hive as Part of Nation-Wide Network Expansion

Popular Online Media Outlet Expands Across Canada as Traditional Press Cuts Back

VANCOUVER, BC --(Marketwired - June 01, 2016) - Today Vancity Buzz, Western Canada's largest digital-only publication announced the launch of Daily Hive, a national online media network with newsrooms in Vancouver, Calgary, Toronto and Montreal. The new network will focus on delivering hyper-local digital content to millennials in each of the country's major urban centres.

"Vancity Buzz grew to be a trusted source for local Vancouver news because we focused on what was relevant to urban millennials who appreciate peer-to-peer opinions, and relevant content in real time," said Karm Sumal, co-founder of Daily Hive. "We saw an opportunity to tap into the appetite for this in other markets, where we can cultivate and continue to grow and engage local audiences."

What started as a popular blog created by two friends in their South Vancouver basement has now grown its online traffic to 7.5 million page views per month and has total social engagement rates that are the highest of Western Canada's media landscape. The move towards a national network comes at a time when many traditional media outlets are seeing record cutbacks due to declining revenues.

"Each city is different, we get that. Our ultimate goal is to connect millennials to their city and provide them with an alternative to traditional media," said Farhan Mohamed, Editor-in-Chief of Daily Hive. "In addition to industry expertise, we've sourced new hires with a strong understanding of the markets they're in. Most recently, we welcomed Karolina Jez as our City Editor in Montreal, who comes to us from Notable.ca and City TV Montreal."

The company's decision to rebrand and expand nationally speaks to a growing number of people that rely on digital publications and social media to produce news in real time. For more information please visit: www.dailyhive.com

About Daily Hive

Daily Hive is a national online media network with newsrooms in Vancouver, Calgary, Toronto and Montreal. The network will focus on delivering hyper-local digital content to millennials in each of the country's major urban centres.

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