Investment Firms Come to the Forefront Among Owners of Local Newspapers

Today seven investment entities control 349 daily newspapers, well ahead of either the 196 belonging to long-established private publishers that include companies like Hearst and Advance Publications or the 161 public publishers that include legacy chains like Gannett and McClatchy.

Street Fight Daily: Advance Buys Streetwise, Could Groupon Go Bankrupt?

A roundup of today’s big stories in hyperlocal content, commerce, and technology.Local Content Consolidation: Advance Publications’ Bizjournals Division Buys Streetwise Media Sites (TechCrunch)… Could Groupon Go Bankrupt? (Seeking Alpha)… Glocal, Local Video News Aggregator, Launches Out Of Beta With A Bang (TechCrunch)…