Report: Local Digital Revenue to Reach $38.1B by 2016

In its updated U.S. Local Media Forecast, BIA/Kelsey says interactive and digital ad revenues are growing by 12.4% per year. Within the local media sphere, search encompasses a slim majority, 51%, of online ad revenues, with the local search market, projected to reach $10.2 billion by 2016, outpacing the rate of growth of overall search. The report projects 16.2% annual growth in the local display market, reaching $5.1 billion by 2016.

Forecast: Consumer Daily Deals Spending to Reach $5.5 Billion by 2016

“We’re leaving phase one, in which deals companies basically sent out sharply discounted deals to large mailing lists,” said BIA/Kelsey’s Peter Krasilovsky. “Deals companies are now beginning to also focus on the merchant relationship, offering them a variety of business services, from reporting and payment processing to loyalty programs and continuous, instant deals.”

Forecast: Digital to Comprise More Than 15% of Local Ad Rev by 2016

The strong growth of digital revenue for local media will continue in 2012, according to a report from BIA/Kelsey. The company’s U.S. Local Media Forecast (2011-2016): Full Edition predicts a 13.1% increase between 2011 and 2012. Revenues from mobile search will jump 77.2%, while online video revenues will increase by more than 50%…

Mid-Year Analysis: The 5 Biggest Trends Driving Mobile, Local Media

We’ve just passed the half-year mark and the mobile local space continues to move rapidly. Here are five major trends distilled from a couple of recent trade shows, and from my own examination of action in the space this year…

BIA/Kelsey: Local Social Spend to Increase 270% by 2016

Local social advertising revenues are set to nearly quadruple (3.7x) over the next five years, according to a new study by BIA/Kelsey. The report projects that local spending on social networks will jump from $840 million in 2011 to $1.2 billion in 2012, reaching $3.1 billion in 2016…

Will eBay Be the Next Giant in Local?

It’s not just about where users are spatially, or what device they’re on. It’s a function of where they are in the proverbial purchase funnel — the increasingly convoluted path between offline and offline worlds that leads from awareness to purchase. “The boundaries between the physical and digital world have disappeared, says WHERE’s Walt Doyle, “and the purchase funnel has become a purchase pretzel.”

Study: Local Mobile Search Will Pass Desktop in 2016

Local mobile searches will surpass local desktop searches for the first time in 2016, according to a new study by BIA/Kelsey. The report projects that users will conduct 113.4 billion local mobile searches vs. 85.6 billion local searches via desktop…

Study: Less Than 20% of SMB Web Sites Link to Social Media

SMB DigitalScape analyzed the web sites of over 1 million small and medium-sized businesses (SMBs) from around the world — including more than 700,000 U.S. companies — and found that only 19.5 percent of SMB sites link to their Facebook page, and an even small percentage link to Twitter and other sites…

Street Fight Daily: AT&T Unloads Yellow Pages, New Groupon Suit Targets Execs

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

AT&T Sells Majority Stake in Yellow Pages to Cerberus (New York Times)…

New Groupon Lawsuit Targets Execs, Seeks Board Seats for Shareholders (PaidContent)…

Before Local-Mobile Revenues Can Grow, Major Problems Must Be Solved (ScreenWerk)…

BIA/Kelsey: Local Advertising Revs to Hit $151.3B By 2016

The report forecasts total U.S. local advertising revenues at $151.3 billion in 2016, up from $132.8 billion in 2011 — an increase of nearly 14 percent. Its 2011 projection has been revised slightly downward from the firms October peg of the market at $135.9 billion…

Leonsis: New Local Opportunity ‘Where Social, Video and Mobile Intersect’

In a video interview with BIA/Kelsey, online pioneer, Groupon Vice Chair and ILM East Keynoter noted: “It is a much bigger idea than a simple directory or city guide or newspaper.” The next marketplaces are for “socially astute audiences,” he said…

Street Fight Daily: 11.30.11

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

Yelp’s IPO May End Up Yelping (CNN/Money)

The Big Merchant Survey (Daily Deal Media)

On Zaarly, You Can (Usually) Get What You Want (Entrepreneur)

Street Fight Daily: 11.15.11

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

BIA/Kelsey: Local Digital Ad Revenue to Hit $37.9 Billion by 2015 (Mashable)Borrell: Online Poised For Dominance in Local Ads (NetNewsCheck)

Daily Deals Industry Moving Into Consolidation Mode

With over 600 companies currently in the daily deals space in the U.S., industry consolidation is bound to occur — with larger companies buying up smaller rivals while other competitors go belly up. To find out more about what to expect in the deals space, Street Fight recently spoke with two industry watchers from local media adviser BIA/Kelsey…

BIA/Kelsey: U.S. Deals Marketplace to Hit $4.2B by 2015

The daily deals industry in the U.S. is growing so quickly that local media research firm BIA/Kelsey has revised its March 2011 forecast to reflect the expanded market. The revised report — which measures daily deals, flash sales and instant deals in a single metric — finds that consumer spending on deals will grow from last year’s figure of $873 million to $4.2 billion by 2015. This is a bump up from their March estimate of $3.9 billion (for 2015), and now represents a 36.7% compound annual growth rate…

Street Fight Daily: 06.23.11

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

Foursquare is introducing its largest partnership to date: a national deal with American Express to offer discounts to cardholders when they check in on their cellphone at certain shops and restaurants. Substantial deals like those being offered to American Express cardholders may bring Foursquare and other location-based services further into the mainstream. (New York Times)…

Foursquare simply doesn’t have the salesforce to craft the same kind of deals that Groupon can. Groupon’s deals tend to be more alluring with deeper discounts. AmEx is helping Foursquare here by sourcing many of these deals itself through its own salesforce and existing relationships with local and national merchants, but it also gets to keep all the revenue. At least for now. (TechCrunch)…

Google Offers: Not a ‘Groupon Killer’ (But Still Pretty Killer)

It’s been widely reported over the past few weeks that Google has launched a deals platform known as Offers. But most of this coverage has missed the point — falling into the tired but pervasive trope of “[insertnamehere] Killer” claims (in this case, Groupon). Offers will be similar to Groupon in some ways, but its economics and mobile integration are quite different. Comparisons aside, the real story is how Offers plugs into Google’s massive distribution network of search, Gmail, mobile and about 26 other products.

Local Deals’ Second Act: Dynamic, Mobile

In the tech and media worlds, it’s no secret that local deals and mobile are exploding — both in terms of revenue growth as well as in the attention and investment being lavished upon them. Surprisingly, though, the two elements haven’t yet come together to the degree that they probably should…

Study: Local Search to Top $8B by 2015

The annual local search advertising market is expected to grow 60 percent by 2015 to $8.2 billion, according to media researcher BIA/Kelsey. In 2010 advertisers spent $5.1 billion on local search advertising. The revenue growth is expected to be driven by a surge in search ad volume — 30 percent of search is expected to be local in nature by 2015 — and smarter, targeted methods, said Matt Booth, senior vice president and program director of BIA/Kelsey’s Interactive Local Media group…

2011: The Year the Check-in Reached Puberty

Michael Boland is a guest author. To submit a guest post, go here.

In the location wars of the past two years, one of the battle cries has been the need to continually innovate “beyond the check-in” — building things on top of the core check-in function, driven by evolving device capability and user demand (or boredom).

Companies have taken this in various directions — “checking in” to TV shows, for example. Sector leader Foursquare has dabbled in things like Superbowl check-ins.

At least week’s Where 2.0 conference in Santa Clara, California, Foursquare co-founder Dennis Crowley talked about how the check-in grows up even as it stays focused on “the relationship between people and places.”..