Street Fight Daily: 08.09.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Bloomspot has secured $40 million in new funding. The company focuses on offers from high-quality merchants looking to connect with their best customers and deepen loyalty. The offers they serve are highly tailored for specific interests and demographics. (TechCrunch)
In its quarterly earnings report, AOL said that Patch has added 44 towns to end Q2 in 846 towns and is on track to have about a 1,000 coverage areas by year’s end. (PaidContent)
Consumers view local online news sites as utilities, lacking entertaining design and production elements, according to a study from KnowDigital. The study also found that just reformatting or repurposing existing content assumes incorrectly that consumers want the same content in these digital environments as they do on TV or in print. (NetNewsCheck)
Live Nation Entertainment — the merged ticketing, promotions and agency conglomerate formed from Ticketmaster, Live Nation and Front Line Management — reported that it sold more than 422,000 offers via Groupon in the second quarter. (Mashable)
Location-based Q&A service Localmind has arrived on Android. The company is also working on several developments to appeal to business owners, who will soon be able to use Localmind to connect directly with their customers, or their potential customers, in real time. (TechCrunch)
A long profile of LivingSocial looks at the company’s founders, how the company pivoted to move into Groupon’s territory, plans for IPO, and the forward-looking prospects of the daily deals business. (Washington Post)