Street Fight Daily: 04.05.11

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A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.

Living Social says it expects $1 billion in revenue this year. The company has also quietly raised $400 million in funding to catch up with Groupon. (Business Insider)

Back in June of 2009, then-new CEO Tim Armstrong made two acquisitions to move AOL into the local space: Patch and Going. While the verdict is still very much out on Patch, it’s clear that AOL is at least committed to it. Going? Not so much. (TechCrunch)

Can the Groupon model save newspapers?
Earl Wilkinson notes that the company is the number one search term on his newspaper association site, and gives a rundown of the stats. (INMA)

Jim Brady, Geneva Overholser and others have joined’s advisory board, and will advise the company on “editorial policy, and its efforts to enhance the quality of content, contributor training and development.” (Poynter)

Yelp — which has been focused on local since 2004 — has surpassed 50 million monthly unique users, who regularly visit a total of 17 million reviews for venues around the world.  (TechCrunch)

Facebook has updated its iPhone app, adding two new features to push location check-ins. It now provides the ability to check in to events and a map for seeing where all your friends are checked in. (ReadWriteWeb)

Foursquare has launched a new web page to showcase top brands on its network in an effort to make it easier for users to find and follow them. (Mashable)

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