
Our major sponsors
Sponsor of
Second Opinion
Sponsor of
Community Sketchbook
Our major advertisers
Our in-kind partners

MinnPost thanks these generous donors:
INDIVIDUALS AND FOUNDATI0NS
Blandin Foundation
Otto Bremer Foundation
Bush Foundation
Sage & John Cowles
David & Vicki Cox
Toby & Mae Dayton
Jack & Claire Dempsey
Ethics and Excellence in Journalism Foundation
Sam & Stacey Heins
John S. and James L. Knight Foundation
Joel & Laurie Kramer
Lee Lynch & Terry Saario
Martin & Brown Foundation
The McKnight Foundation
The Minneapolis Foundation
The Saint Paul Foundation
Rebecca & Mark Shavlik
(See all donors here.)
By David Brauer | Published Wed, Aug 25 2010 8:44 am
The Star Tribune is now aping Groupon — the online "deal a day" that delivers advertisers flash mobs of discount-seeking customers.
On Thursday, startribune.com unveiled its first STeal. Executive Director of digital Jason Erdahl isn't coy about how much cash the online coupons should generate: $40,000 to $50,000 a month, or around half a million dollars a year.

I'd peg Strib annual ad sales at between $120 million and $140 million, so STeals won't STop the Strib's revenue challenge. Erdahl notes current forms of online ads, including banners are more lucrative. Still, the online world's sales solution is rarely a silver bullet, but lots of BBs.
Erdahl says the Strib set up STeals independently of Groupon. National newspaper chains such as former Strib owner McClatchy Co. have entered partnerships with the pioneering discounter.
The Strib first noticed Groupon last winter, Erdahl says, and spent most of this year talking to customers and advertisers. He contends the paper's sales force is more in touch with local merchants and can better build deals and integrated sales programs resulting in long-term customers. (I'm guessing most folks who used one of the first STeals, a $5-for-$10 at Sonic, are already addicts.)
Future offers may also cap the number of coupons, so less-savvy merchants can avoid being swamped — a dynamic noted in this AP story the Strib ran three weeks before STeals debuted.
Like what you just read? Support high-quality journalism in Minnesota by becoming a member of MinnPost.
2 Comments: Hide/Show Comments
Forgot Password? | Register to Comment
MinnPost does not permit the use of foul language, personal attacks or the use of language that may be libelous or interpreted as inciting hate or sexual harassment. User comments are reviewed by moderators to ensure that comments meet these standards and adhere to MinnPost's terms of use and privacy policy.
We intend for this area to be used by our readers as a place for civil, thought-provoking and high-quality public discussion. In order to achieve this, MinnPost requires that all commenters register and post comments with their actual names and place of residence. Register here to comment.