The Aspen Institute convenes leaders to discuss their foremost challenges. In America today, local media face challenges as large as anyone's. Their audiences are fragmenting, shifting from boundary-spanning traditional media to media that is online, targeted or free. National policy, which sets the rules under which local media can thrive or wither, also is in a period of transition, with media consolidation, "localism," and "net neutrality," among the important issues. Aspen Institute will hold two roundtable sessions and conduct a “conference track’’ on policy change that would align national policy with community needs and concerns. A report will be widely distributed and posted on www.aspeninstitute.org.