Street Fight Daily: 12.12.11

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

AOL’s Patch Gets a Little Less Hyperlocal (Ad Age)…
The Gowalla-Facebook Deal Didn’t ‘Screw Over’ Gowalla’s Investors (Business Insider)…
How Can Local Businesses Structure More Effective Daily Deals? (TechCrunch)…