Media corporations band together on daily deals site ‘Find n Save’

Adweek | Hearst
Eight media companies — Advance Digital, A. H. Belo, Cox Media Group, Gannett, Hearst, MediaNews, McClatchy, and The Washington Post Co. — are behind Find n Save. The site enables consumers in 19 of the top 50 markets (expected to grow to 40 of 50 in the next month) to purchase Groupon-like daily deals, print coupons and search local sales. “Newspapers have been racing to catch up for a while with the likes of Groupon and its copycats, including tech giants like Google, Amazon, and Yahoo, which have been slapping deal-finder services on their websites,” Lucia Moses writes. McClatchy’s Chris Hendricks says the company has been using the service since last year. Christopher Tippie, acting CEO of Find n Save, tells paidContent’s David Kaplan that the site is a “shopping portal,” not simply a daily deals site. Read more


Groupon CEO laughs at Nicholas Jackson’s ‘running out of cash’ piece in The Atlantic

All Things D | Business Insider | Betabeat | Atlantic
Kara Swisher got her hands on Groupon CEO Andrew Mason’s “pugnacious email memo to his thousands of employees,” in which he writes:

This weekend, I did a Google News search on our company — my first in awhile. The first story that popped up was called The Fall of Groupon: Is the Daily Deals Site Running Out of Cash? I laughed when I read the headline (in the car by myself, weirdly). First — with this article, the degree to which we’re getting the shit kicked out of us in the press had finally crossed the threshold from “annoying” to “hilarious.”

FYI, that “hilarious” search-engine-optimized piece — No. 1 on Google News! — was written by The Atlantic’s Nicholas Jackson and posted on Aug. Read more

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McClatchy to sell its own daily deals
The newspaper chain will still use Groupon and get 15% of revenue from its deals, reports Kunur Patel. McClatchy could collect as much as 50% from the deals it sells and distributes. Read more