Summary:

»  If the kind of checkbook journalism employed by Nick Denton at Gawker Media “works” — in the sense that it produces stories th…

Morning Lowdown
photo: Corbis / Patricia Curi

»  If the kind of checkbook journalism employed by Nick Denton at Gawker Media “works” — in the sense that it produces stories that drive traffic — it’s mostly because no one else is doing it, which keeps the costs of down. [Nieman Lab]

»  Slideshows are both the “scourge and savior” of online journalism — for the moment. Advertisers are willing to turn a blind eye to the fact that all the pageviews that slideshows deliver to their ads are based on a few unique visitors, but at some point, the model will hit a level of diminishing returns as effectiveness inevitably wanes. [CJR]

»  Some at the Web 2.0 Summit fear that the days of startups having the chance to strike it rich and change the culture is coming to an end as a small oligarchy of digital media companies takes greater and greater control of the internet. [MercuryNews]

»  The U.S government would be able to block foreign websites that sell counterfeit goods and pirated content, if a bill passed by the Senate Judiciary Committee gets full Congressional approval. [Reuters]

»  Chris Ahearn, president of media at Thomson Reuters (NYSE: TRI) hinted at greater U.S. expansion of its news coverage and features at last week’s Monaco Media Forum. [Beet.tv]

»  Document sharing site Scribd has unveiled a new analytics tool that promises uploaders a comprehensive set of stats detailing what portions of their content readers are gravitating to. [Techcrunch]

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