Pajamas Media folds blog-advertising network. Previously.
I wonder how much of the money paid out to bloggers came from ad sales, and how much came from the funding from investors, which by some reports reached $7 million. One less-famous name in the network was just starting to make an annualized $4K, which is not trivial but also not going to feed a family.
Opinion mags don't make money, so it's not really surprising that opinion blog nets have trouble doing it. I'm not sold on the PJTV model, either.
Now might be an opportune time to visit Dennis the Peasant.
Posted by: Fec | Jan 31, 2009 at 08:03 PM