Street Fight Daily: 08.15.11

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

AOL is spending about $150,000 to run each individual Patch site annually, according to an analyst’s estimate. AOL first focused on building traffic to Patch sites, and just recently started ramping up ad sales.   (Wall Street Journal)

San Francisco’s KQED is embarking on a couple of partnerships pairing it with hyperlocal sites in the area: one with just-launched Huffington Post San Francisco, the other with four hyperlocal news sites as part of J-Lab’s Networked Journalism Project. (Nieman Lab)

Here’s a list of LivingSocial’s top ten most successful daily deals ever. The top selling item generated more than $11,000,000 in one day. (Business Insider)

KnowDigital’s recent report that found that traditional media was failing on multiple fronts when it comes local news online. Company president Sam Milkman discusses the advantages and disadvantages of staying tightly aligned with the legacy platform online. (NetNewsCheck)

Six-week old mobile application Banjo has been updated with a new feature that lets users virtually stalk locations, and the people there, in real-time.  (TechCrunch)

Gilt Groupe (which includes the locally targeted Gilt City network) is shifting its online flash sales model, and is trying to refashion itself as a high-end Amazon.com — a one-stop shop for luxury goods, half of which it says will be full-price within a few years.  (New York Times)

Badger is a social photo-sharing tool that allows you to create a profile, snap pics with your iPhone’s camera and share them with other users. The service supports location-tagging, so you could create a badge specifically for your city or neighborhood. (GigaOm)

Yumbling is an app that provides entertainment recommendations to its users in Mexico, from restaurants to movies and shows. These recommendations are personalized, based on the user’s location (à la Foursquare) but also on their preferences. (The Next Web)

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