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We have this situation exactly - 7 office locations and we use Jive 4.5 as our intranet.
I have it set up so we have an All-Company News homepage - changes that impact every office, no matter where you work. Then we have a sub-community for each office. This is where news is posted that is location-specific. These communities are also used for other location-specific information, ranging from using documents for HR forms to discussions re: what food to stock in the kitchen at that location.
I have an RSS widget on each sub-community that displays the News from the top-level community, so anyone can look at their local sub-community and see both its news and the All-Company news in the same place.
We are also heavy users of Your View, so people have Recent Content widgets set up their for both their office and All-Company news. For some managers who travel a lot, or people who work closely with global teams, they might also have Recent Content widgets for our other offices.