The general estimate is that Drudge’s site, run by two people, is worth about what Bezos paid for The Washington Post: $250 million. It may be worth more. He owns all of it.
Drudge is a conservative. The liberal reporters who dismissed Drudge as an amateur back in 1998, when he scooped the industry with his report on the Lewinsky affair. are in new lines of work. Who’s got the last laugh now?
As soon as it was announced that The Washington Post would be bought by Amazon founder Jeff Bezos, shares rose by 5%. This means that investors trust the abilities of a man with zero experience in running a newspaper more than they trusted the liberal family that owned the paper for four generations. This was a vote of “no confidence” against the existing owners.
It means that investors had already figured out that the newspaper was headed for oblivion. They could see that nothing that the Graham family had done in two decades had reversed the fiscal bloodletting. The newspaper had been worth billions back then. The whole deal will fetch only $250 million today.
Shares did not rise 10% or 20%. Investors are still not convinced that Bezos can reverse the decline. But there is at least some hope that a man with zero experience cannot mismanage the operation any worse than the Grahams did.
One by one, newspapers are disappearing. Young adults do not read them. There is no future to them. Funeral by funeral, their doom is sealed.
Liberals thought they would shape public opinion by controlling the flow of information and opinion. They were wrong. The World Wide Web is killing them. Craigslist has killed revenue from classified ads. The Drudge Report has killed local newspaper loyalty.
Does the liberal press have a future? Not as good as the Drudge Report, surely, or Craigslist.
And, don't you just love it! Chick-a-boom, chick-a-boom!
The first three things I do every morning, beyond the obvious, is to check the hits on my blog, read my email, and read the Drudge Report. The thing I love about the Drudge is that they bring in articles from more sources than I could hope to cover. Articles from Asia, Europe, Israel, places who's news I would never see. I find a ton of information that is pertinent to the blog that I write. So thank you, Drudge. By the way I also check back at least four times later in the day. See my blog at http://cranky-conservative.blogspot.com
Drudge did not begin its life even a primary generator – they're a meta generator. Drudge has slowly become a news outlet.
My only concern is, if the "dinosaur media" vanishes, how we will line our bird cages. The birdies need something to crap upon after all.
The Liberal Media still controls the low information voter that gets their daily indoctrination through ABC, NBC, CBS, CNN, MSNBC; you get the picture. Local broadcast stations still have the dinner channels 2 thru 10 and that media entirely. Fox will never be enough.
Having said that, it is encouraging to see the conservative internet resources grow and be a reliable source of facts. Go Drudge, Go Breitbart, Go Tea Party Economist.
Perhaps the Congressional Register, or the IRS code would be a good substitute? They add to those all the time, and there seems to be an ever increasing supply.
If it weren’t for the click-through traffic the NYT, WaPo, LA Times, etc., get from readers who go to the alternative media like Drudge first, those dinosaurs would never get any hits.
Note to the “mainstream” media: it doesn’t matter if you get a slick website loaded with HTML5 and Flash Player, you’re still peddling lies and propaganda!
Buy a couple of Obama and Bloomberg posters…
Don't rejoice too much. The U.S. government is under liberal management now, and the median value of the assests of individual taxpayers has dropped by a figure of from 18% to 64%, depending upon the age group examined. The younguters who voted for Obama are the ones who have been hit hardest over the last 4 years.
The Obamacare bill alone is enough to keep your parrot in cage liner for a year.
Drudge is such a lowbrow propaganda outlet, and has helped ruin the GOP..
The RINOs in Washington didn't and don't need any help to ruin the GOP. How has Drudge helped?
Hah, hah! Fell for the Republican “If we destroy America the fools will blame Obama” bit.
Really – and just who is it that is destroying America?
If he's such a lowbrow propaganda outlet, why are you on this website? Aren't you wasting your time?
I think you would get much more truth and fairness on MSNBC for instance?
He's a leading Propaganda outlet, who's taken the Conservatives out of the realm of reality.
I'm just doing my patriotic duty. MSNBC is just the Liberal version of events, and although I usually agree, I rarely waste my time.
absolutely. bring out the Jam, the country is toast. the currency is, for all practical purposes, dead. the economy is in the hands of Keynesian fools who could not recognize utter lack of functional utility if it kicked them where most men have testicles.
and the poor youngsters who bought the hope and change dream are toast. as are the rest of us.
its amazing how things have fallen, but we cant blame obummer. it goes back decades.
well, as long as the post office exists, we shall be sure to be getting junk mail. when that subsidy goes, though, the birds may be in trouble. although I suppose we could line them with copies of the Congressional Record. since nobody seems to read it anyway.