You're the new owner of a local newspaper. Now what do you do?

Publishing chains like Gannett are selling off some of their smaller papers to truly local owners. Brian Stelter speaks with two beneficiaries of this trend: Jennifer Allen, the new owner of the Hot Springs Village Voice in Arkansas, and Carol Wyatt, the returning editor of two local papers in Florida, the Holmes County Times-Advertiser and the Washington County News. Wyatt talks about rebuilding the papers by returning "to covering the local issues." She says "we are the scrapbooks of our community; we are the keeper of milestones... Even something as simple as publishing the school district's honor roll plays a part in why the community looks to their local paper." She and Allen discuss the advantages, challenges and "growing pains" they've experienced in transitioning back to "hyperlocal" ownership. To learn more about how CNN protects listener privacy, visit cnn.com/privacy