After AOL’s Hyperlocal Fail, Media Watchers Pin Hopes on Smaller Operations

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With a number of once-promising large-scale hyperlocal media projects laying in ruin, local media’s star has faded a bit over the past year, causing many industry watchers to frame local journalism as a pursuit defined by a social need, and burdened by an unfriendly market reality. The vision of the $150 billion market opportunity has been replaced with a social ethic — the need for small, independent operations to create self-sufficient clusters in their communities…

After the ‘Fiscal Cliff,’ an Opening for the ‘Journalism of Hope’

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In the coming years, the reverberations from big cuts in federal spending along with the likely new stimulus spending will continue throughout America, from Washington to the states, cities, suburbs, and rural communities – and to every one of the 50,690 census tracts. This will be a long-running story that USA Today and the Gannett local papers could own – and monetize on their websites…

USA Today Publisher Larry Kramer Looks to a Local Future

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“This whole company is hyperlocal,” Kramer says when asked about Gannett’s locally targeted news. “We’ve got 81 newspapers and 23 TV stations, all with local news operations.” At the new multipurpose “breaking news” desk he is developing, editors from the flagship paper will work face to face with representatives from local papers and other Gannett media properties…

Street Fight Daily: Groupon Revenues Up, AmEx App Serves Deals

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A roundup of today’s big stories in hyperlocal content, commerce, and technology...

Sharp Revenue Increase for Groupon Gives Stock a Boost (Chicago Tribune)…

AmEx App to Blast Daily Deals Based on Your Payment History (Mashable)…

With Smartphone-Assisted Shopping, How You Shop Depends On Where You Shop (TechCrunch)…