“Shedding their outsider status, blogs are not only entering the political and cultural mainstream, but they are also looking to become moneymaking media businesses. Two of the most aggressive companies, Manhattan-based Weblogs Inc. and Gawker Media, are intent on building profitable, advertising-supported blog networks.
”In the last six months, advertisers have woken up to Web logs,“ says Nick Denton, a British transplant whose Gawker Media publishes three irreverent gossip sites, including Gawker.com for New York and Wonkette.com for Washington, D.C., as well as a porn site, and a blog devoted to technology gadgets. ”They’ve become interested because they see a young, hip demographic that is pretty elusive in other mediums,“ he says.”
Of course, it’s far from certain that these current media darlings will be any more successful than the rash of Web-based magazines that sprouted during the dot-com era. However, these operations have learned an important lesson–keep expenditures to a minimum.
Read more at Blogs Enter Mainstream, Eye Revenue Streams