PUBLIC MARKS with tags media & internet

Billets d'humeurs et culturels sur l'actualité.

Communications Scale with Social Networks

China is the world's second-largest Internet market after the United States with more than 110 million users. A survey by Chinese search engine Baidu.com put the current number of blog, or Web log, sites at 36.82 million which are kept by 16 million people, the official Xinhua news agency said on Saturday. The number of Chinese bloggers is expected to hit 60 million by the end of this year, Xinhua said, quoting a report on China's media industry by the prestigious Tsinghua University.

Old media companies are also snapping up internet firms as fast as they can. Most of these are profitable, in contrast to the dotcoms of a few years ago—but only just. On March 6th NBC Universal, a media firm owned by General Electric, spent $600m on iVillage, a website for women which had a profit of $9.5m in 2005. Last year Rupert Murdoch's News Corporation spent more than a billion dollars buying barely profitable internet companies.

Mythocracy in Venture Capital, Technology, Healthcare, Media, Internet, et al (Chief Dung Analyst: Christian Mayaud)