Street Fight Daily: 12.05.11

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

Living Social Beta Tests Premium Membership Program (Local Onliner)

Walmart Had a Pretty Good Foursquare Black Friday (Ad Age)

Yipit Secretly Tests Its New Foursquare Integration (TheNext Web)

Will Big Brands Cut Out the Middleman to Go Hyperlocal?

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We’re on the brink of seeing brands start to carve into the hyperlocal pie simply by providing an online space to offer localized content and capture the “neighborhood” conversations that locals want to see.