Street Fight Daily: 05.13.11

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

Group Commerce has raised an additional $10 million in funding to help quickly ramp up a platform that enables publishers and media partners to get into the daily deals market. (AllThingsD)

FreeMonee is neither daily deal service nor mobile coupling app, but instead a self-proclaimed “cash-gift network.” Essentially, your bank will recruit you to shop with a local retailer, and in exchange for your patronage, you’ll get free cash to spend as you’d like. (Mashable)

How will the upheavals in technology and journalism affect the way local news is conceived of and monetized in the future? (SF Public Press)

LivingSocial CEO Tim O’Shaughnessy talks about the strategies his company is using in local, on-the-ground marketing and in mobile technologies, and how it is expanding its products beyond the bracket of the daily restaurant deals and services. (Business Insider)

Search engine Zaarly is proximity-based, real-time and buyer-powered, allowing you to find what you want in your vicinity. According to Zaarly founder Bo Fishback, you can’t do any one of these really well without doing all of them together. (The Next Web)

The newly launched SavingStar web, iPhone and Android apps reward consumers with cash back when they redeem paperless coupons, and the startup believes it can cut through the mobile coupon clutter with a product that mirrors how consumers purchase groceries on a regular basis. (Mashable)

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