"Many members of the Web 2.0 generation of internet companies have so far produced little in the way of revenue, despite bringing about some significant changes in online behaviour, according to some of the entrepreneurs and financiers behind the movement

Nice chart showing Google’s ad revenue relative to other media sectors. "Only regional newspapers (forecast to be worth £2.33bn in 2008 and the commerical TV sector (£3.5bn…) still lie ahead."

Peter Preston: "a 20 per cent growth rate on digital operations turns 5 per cent [of total newspapr company revenues] into 6 per cent in 12 months - not quite as impressive as those headline totals, or company report claims, might have you believe…"

Steve Yelvington: "I continue to believe that the readership claims of newspaper websites are inflated by irrelevant, drive-by traffic that bloats the unique-user count and depresses derivatives such as revenue per user."

Bank of America research analyst Joe Arns finds that US online newspaper readers are now worth about 36% to 55% of the value of print readers, up from 28% to 42% in Q2 2006.

"The Daily Mail and General Trust has become the latest company to brush off fears that turmoil in the financial markets will hit its advertising revenues."

"The UK’s local newspaper industry lost about £225m in revenue last year as regional publishers invested heavily online but failed to counter declining circulation and advertising revenue in print"

"The Wall Street Journal and The New York Times may drop pay-to-read content. But online ad revenue alone won’t cut it."

"Der Boom am Arbeitsmarkt macht auch die Zeitungsverleger wieder optimistisch. Die Auflagen fallen weiter – aber immerhin schaffen die deutschen Zeitungen ein Umsatzplus."

CNN’s ratings have been on a steady decline since 2003 … Traffic continues to climb over at CNN.com, however, with unique users up nearly 25% to 26 million in April compared with the same period last year plus 90 million subscribers to CNN Mobile.