Om Malik refers to Alexa traffic rankings of News.com and Slashdot.org and attributes it to the rise of blogs. I guess the online technology media is the first to get hit because of the tech community being an early adopter of blogs.
So could it be that we are tending towards focused expert-blogs and moving away from traditional journalism? It is interesting to compare this with the growth of focused blogs like Gizmodo and WiFiNetNews which are maintained by bloggers who are experts in their domains.
Tech Journalism
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