The red-hot deal-a-day business is on track to hit $6 billion in revenue by 2015 and could potentially tap into the $5 trillion to $8 trillion local commerce market around the globe. Already, there are more than 325 venture-backed players in this business, and media
companies too are angling for a piece of the pie. But, there are many hurdles to be crossed for the business to thrive long-term. For all the details, check out this week’s New Media Minute.

Thanks, Daisy.