Dennis Haarsager's rolling environmental scan for electronic media. "Somebody has to do something, and it's just incredibly pathetic that it has to be us." --Jerry Garcia "Wish I didn't know now what I didn't know then." --Bob Seger
Thanks to Stephen Hill for pointing me to this unsigned opinion piece in The Economist. The writer says few companies can sustain themselves with revenues from internet advertising:
... Now reality is reasserting itself once more, with familiar results. The
number of companies that can be sustained by revenues from internet
advertising turns out to be much smaller than many people thought, and
Silicon Valley seems to be entering another “nuclear winter” ...