Speaking of advertising sales, Mediaweek says the Huffington Post blogsite is making needed moves to bring in serious advertising dollars. Despite the fact that the site doesn't pay contributors, it gets lots of free content (much of it worth exactly what it pays for it), but little advertising.
As I ponder the heavy losses in Wall Street late last week, I have to wonder about a financial system built on promises, but not on actual performance. That's unfortunately the situation for much of new media.
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