Tuesday, 2 December 2008

Huff and puff and blow the stacks down...

Two recent events - The Huffington Post's receipt of $25 million in new funding at a $100 million valuation (the company has 8.8 million people a month visiting the site according to Quantcast), which makes it more valuable than some newspapers; and the almost $2 billion fall of newspaper ad revenue in the third quarter for a record 18.1% decline (according to new statistics from the Newspaper Association of America) underscore the media shift...we are slowly edging closer to a profound transformation...inch by inch.

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