Looks like the internet media is finally taking a hit from the recession. Granted, it's not that knock-out blow that print media is facing, but still...
In today's economic climate, people are less likely to support risky internet start-ups with advertising. Of course the most popular sites will continue to be funded, but those borderline successful blogs and sites may have to look to other ways to stay afloat. Don't worry though, we're still sticking around! (Gawker)