For anyone else reading, Stephen beat me to the punch with the Time article, which sort of forced me to re-think my inclusion to not clash with his.

“Now I am waiting to hear how that business model is defined…”

Me too! But I think it’s still early. However, I don’t see any radical departure from existing schemes.

There’s definately more ways to push content to people, what with Google getting into video content, as well NRK, a European operator, of whom I’ll be ‘blogging about later in the week.

We live in exciting times…

What I found most interesting was the fact of the public being willing to pay for mainstream media, whereas they are subsequently less tolerant of poor quality publications.
This is why I believe the traditional and economically strong media’s will continue to flourish, however, not without some healthy competition. As you put it “those blogs that garner the heavy traffic”, which actually do entail a staff of professional’s or specialists in one way or another.

Now I am waiting to hear how that business model is defined : p