Monday, February 6, 2012 | New York City @ 9:18 PM

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James Erik Abels is TMM's anchor. He's covered media and digital media for Forbes and the FT's mergermarket newswire.

Exclusive: The Press That's Rumbling Downtown LA

Eric Richardson plans to cash in on Internet news by printing it

A local news site in Los Angeles is betting the company's future will be written in print. That's right, Eric Richardson, the publisher of blogdowntown.com, is starting a newspaper. He even left his job to do it.

Here's why he thinks he'll succeed where others have failed.

-james