A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Yelp Files for $100 Million IPO (GigaOm)
The local reviews website has filed an S-1 with the Securities and Exchange Commission, which reveals that Yelp pulls in solid top line sales, but has yet to turn a profit at the bottom line. The company made $47.7 million in net revenue in 2010 and reported a net loss of $9.56 million for the year.
Major Newspaper Publishers Band Together On Social Shopping Portal (PaidContent)
A group of eight newspaper publishers —- Advance Digital, A. H. Belo Corporation, Cox Media Group, Gannett, Hearst, MediaNews Group, The McClatchy Company, and The Washington Post Co. -— have formed a joint venture to promote their individual daily deals efforts. This new venture is being created with assets from the new entity’s acquisition of Travidia, the developer of Find n Save.
Patch Traffic Rides High on Local Elections and Hurricanes (Nieman Lab)
Justin Ellis: All news organizations know a fair chunk of their visitors come by once, never to return again, but if you’re a metro paper or site with a national audience, the drive-bys can fit well into the larger audience mix. That’s where Patch sites face a unique challenge: their scope.
Yext PowerListings Now Powers 30,000 Local Listings (TechCrunch)
Local advertising company Yext now has 30,000 paying subscribers to PowerListings, up from about 500 six months ago. With one account, a small business can update their listings across a wide range of local sites from a central Yext PowerListings dashboard.
HipGeo Releases Public API to Add ‘Where’ to Your ‘When’ (ReadWriteWeb)
HipGeo, contender to lead the next generation of location-based social services, has taken the platform leap and released a public API and location widgets for third-party developers.
Huffington Post Launches Detroit Local Site (NetNewsCheck)
The Huffington Post today rolled into the Motor City with its newest site, HuffPost Detroit. The site will be edited by Detroit native and Huffington Post news editor Simone Landon.