@j12t why not both and more?
Long ago we had a fence and gossip, then a village had an exchange (I ordered a pizza in rural Australia by dialling 22) and a paper. Since the media were standards, trunk lines happened and telex so local could participate in the region, the country, international, informed but our viewpoint was still local, whatever your local media included or not.
Today the Local has been usurped to serve the global; #Fediverse has an opportunity to correct that.