Newspapers are going bankrupt and ceasing publication. The way stories are written in newspapers you would think that the world of news was crumbling. But, the public has just moved online. While newspapers are lost trying to figure out how to charge user fees, bloggers have found ways to capitalize on CPMs.
Here is the list that 24/7 Wall Street put together of the most valuable blogs.
1. Gawker - $170 million
2. Huffington Post - $90 million
3. The Drudge Report - $48 million
4. Perez Hilton - $32 million
5. Sugar, Inc. - $27 million
Click here to read the rest of the Top 25.
What I actually don't know is the value of newspaper websites like the Wall Street Journal, New York Times and Washington Post. They might bring in more ad revenue than blogs, but the scary figure is that these blogs are creating such high revenue without the high expense of expert journalists. Perez, as a self-made blogger last year made $32 million. Crazy.