ESPN Radio is coming to an iDevice near you.

And that will certainly be good for business at the venerable sports institution.

On Tuesday morning, ESPN Radio today unveiled its “single, most definitive ESPN Radio App optimized for iPhone, iPod touch and – for the first time – iPad.”

The app, which ESPN says is sponsored by Lowe’s, creates a personalized sports listening experience (both live and on demand) and includes a new feature that allows fans to build their own sports stations.

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Last October, Apple’s 5th generation iPhone – the iPhone 4S – was released to enormous fanfare, quickly becoming one of the biggest forces in smartphones.

Now, as the summer rapidly approaches and Apple eyes another fall-time iPhone upgrade, rumors are surfacing about steps the company is taking to prepare for production,

On Tuesday, analyst Shaw Wu told investors that Apple has slashed iPhone 4S orders by 25% already, confirms a report of Wu’s remarks by Barron’s.

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Bigger is better for news. That’s the message from Facebook today as word comes that the social networking giant is revamping the News Feed for mobile devices.

The redesign now delivers larger photos and makes it easier to see and view posts.

News Feed photos are now up to three times larger, Facebook says, while posts now fill the full range of the mobile screen.

The new design will be available on iOS, Android and m.facebook.com.

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According to the latest data and corresponding forecasts from BIA/Kelsey, social media advertising revenues will grow from $3.8 billion in 2011 to $9.8 billion in 2016.

If so, that activity will represent a compound annual growth rate of 21 percent.

BIA/Kelsey’s U.S. Local Media Forecast (2011-2016) suggests that the local segment of U.S. social media advertising revenues will similarly grow from $840 million in 2011 to $3.1 billion in 2016.

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American Express is trying something innovative with their mobile efforts.

On Tuesday, the company launched what’s being hailed as an “industry first mobile offer engine.”

The program, says American Express, recommends and ranks relevant merchant offers in real time for US Cardmembers based on their spending history and location. All of this information is combined and presented in a so-called Cardmember’s “spend graph.”

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On Tuesday, Isis – the fast-growing mobile commerce joint venture spearheaded by AT&T Mobility, T-Mobile USA and Verizon Wireless – announced the first of its local merchant partners across Austin, Texas and Salt Lake City, Utah.

The bigger news, however, is that a number of huge brands are also giving a vote of confidence to Isis. Aeropostale, The Coca-Cola Company, Champs, Dillard’s, Foot Locker, Jamba Juice and Macy’s are among the first and biggest national merchants to join with Isis in advancing mobile commerce.

Isis’ national and local merchant partners join a long list of major merchants who already accept contactless payments.

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One of the biggest names in mobile gaming has purchased one of the new names in mobile gaming.

On Monday, word surfaced that Zynga purchased mobile games startup Wild Needle – the company behind Shoptown Hero for Apple’s mobile devices.

“We hear this was a talent-sized deal, which is in line with most Zynga acquisitions,” reports Tech Crunch.

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