Street Fight Daily: 10.19.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Daily deals are coming to the radio. Clear Channel, the media giant that owns 850 stations, has made an exclusive deal with LivingSocial to offer its discount offerings on 500 of its stations, the companies announced on Tuesday. (New York Times/Media Decoder)
Foursquare CEO Dennis Crowley expects the company to remain independent for another year, but admits he’s open to an acquisition: “The only thing we want to do is build a product,” Crowley said. “If we do it independently that’s great, if we do it as part of a company that’s another story.” (Business Insider)
Kgbdeals, a daily deal company that competes with Groupon and Living Social, has agreed to acquire rival TheDealist, a person familiar with the transaction said. The acquisition will help kgbdeals expand in New York City, where TheDealist launched in 2010. (Reuters)
Groupon plans to conduct its road show for investors next week, starting either on Monday or Tuesday. The initiation of the road show — where company execs will pitch its business to possible shareholders — might be an indication that Groupon’s results have improved in its recent quarter. (AllThingsD)
Advertising and social media startup Camber Tech is launching its freemium service called Adlibrium Dailies, a daily deal service for mobile that distributes deals through mobile applications. (TechCrunch)
It’s becoming too expensive for new daily deal sites to enter the market — which still doesn’t keep them from trying. These lists illustrate some still going strong more than a year after launching, and others that failed to break through. (Adweek)