Brian Caufield has written a great Forbes piece about the impact of new media on … old media. He notes the rise of GigaOm and TechCrunch and the demise of Red Herring and CNET.
My take on much of the new game is that *keeping expenses low* is far more important than *generating big revenues*. We may be seeing a 180 degree turnaround in many industries where we return to small business, entrepreneurial modes of production that use the internet as the mechanism to cheaply scale from small to large. Scaling up in media industries used to take substantial capital but now it takes almost nothing. Info based industries have only begun to reel from the coming changes.