Billions of dollars are already being made through blog networks. Old media people and corporates ignore the effect of the blogging phenomenom at their own peril.

A recent conference in Australia shows that a lot of old media journalists, marketing managers, and CEO’s are still behind the times.

Fact: Newspaper readers are declining year after year.
Fact: Blog readership is increasing year after year.

Then there is the MySpace beast which this year will become the most visited site on the net.