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Arnold Kling has a Ph.D. in economics from MIT; founded homefair.com, one of the very first commercial websites, in 1994; separated from Homefair in January 2000 after it was sold to Homestore; is author of Under the Radar: Starting Your Internet Business without Venture Capital, and is an essayist. Send comments to us at econ@corante.com

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February 10, 2004

Who is Dan?

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Posted by Arnold

Brother Weinberger writes,


Dan: The real threat to traditional journalism isn't blogging. It's eBay, the largest classified ads publisher.

I'm guessing Dan Gillmor, because he is a digerati with first-name status.

Anyway, he is absolutely right. Classified advertising accounts for 50 percent of the profits of newspapers, and eBay is taking that franchise away. Without classifieds, newspapers are not a business. They are charity cases.

Comments (1) + TrackBacks (0) | Category: economics of content


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1. Plautus on February 11, 2004 11:40 AM writes...

That would be "... he is a digeratus ..."

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