Street Fight Daily: 09.19.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
The online business of serving up daily deals has attracted millions of dollars in venture capital and spurred dozens of clones of market leaders Groupon Inc. and LivingSocial Inc. Now the industry is starting to shake out. (Wall Street Journal)
“The national and regional coverage of Hurricane Irene was fine before the storm actually passed through my suburban New Jersey town. But then, what I wanted — and needed — to know came from my local AOL Patch site,” writes Harry Jessell. “The lesson here for broadcasters dabbling in hyperlocal websites or mobile apps is that you can’t do it on the cheap.” (TVNewsCheck)
“The merging of mobile and local is also leading to the creation of entirely new business models and opportunities for merchants and consumers alike,” writes Matthew Mengerink. “If you’re not taking full advantage of the ability to reach customers based on stated preferences and proximity, you’ve already fallen behind.” (GigaOm)
With reports that Google’s Groupon competitor Google Offers has gotten off to a slow start, the company has announced another acquisition in the Daily Deals space, snapping up German deal site DailyDeal. (The Next Web)
It looks like Groupon’s IPO may soon be on again, less than two weeks after the coupon king temporarily shelved its public offering. Sources are saying Groupon is now looking at an IPO in late October or early November. (Daily Deal Media)
In Connecticut, The New Haven Independent caters to an audience that is more in tune with hard news, the news site is sponsoring discussions that stem from the site’s content, bringing newsmakers together in public forums with a live audience. (NetNewsCheck)