What is the Blog Revenue Model and Can Blogs Gather News as Opposed to Pontificate on it?

What is the Blog Revenue Model and Can Blogs Gather News as Opposed to Pontificate on it?
Roland posts this summary and link to a summary of discussions about blogs at the Davos economic forum, where their concern is (as usual) how to turn something into money. "This creates a classic free-rider problem. If the blogs eventually steal the mass media's audience (or at least, key parts of it) and the Internet as a whole continues to steal its revenues, there will come a time when those big, expensive news-gathering operations will become economically insupportable." Here's a clue: they are already economically unsupportable. More...