My area (Eastern Suburbs of Sydney) has a local rag called The Beast. They love local stories, and they are part of a massive media empire owned by a man most people know (Rhymes with Pupert Nurdoch). They always run funky stories, and that is a great way to get the word out.
But taking a step back, Randy your idea only works if what you do has a story. If one really wants to get links, one needs a story that is interesting. "Local porn affiliate" is not a story. "Local man selling local art" is.
The problem with link building is that so many sites have no story. Nothing original, nothing useful, and no story to get out. Brainstorm a story, and sell that.
On a side note: I always recommend (and no one ever takes up the advice so F#$%^%$ it, I'll put it out there) that companies have a tech blog. No matter what you do, you'll run into tech issues. Blog about them. "Why are so many feeds non-compliant?" is a topic that would get massive publicity and links. http://blogs.smugmug.com/don/
is a great example, as Don McCaskill writes some pretty great stuff, that usually gets a brazillian links. In fact, according to Yahoo Site Explorer the number of links is over 1 million (Insert dr Evil laugh here)
Don't fall for the assumption that link building is about finding links. Rather, do something link worthy (and there are a multitude of ways to do that) and you'll have far more success.
Edited by projectphp, 30 May 2008 - 07:39 PM.