When Barry Met Tim, and Jon and Rupert

New York’s Internet Week featured party after party, attended by the same group of Webby movers, shakers and hustlers gulping down drinks and snacks, night after night. The finale: A rooftop gathering in midtown Manhattan that hosted a large number of the digital media’s movers and shakers, plus their bosses, including Barry Diller, Rupert Murdoch, Tim Armstrong and Jon Miller. Here’s the video.
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How Low Will Online Ads Go? Lower, Says J.P. Morgan. Very, Very Low, Says Gawker’s Nick Denton

A year ago, the conventional wisdom said that the online ad market would still grow in an economic slump because online ads were cheaper, and more effective. And they are. But if the slump is big enough–like the one we’re in now–then all bets are off. Which is why there’s no longer any conventional wisdom about the future of online ads. J.P. Morgan analyst Imran Khan, for instance, thinks growth will slow next year, and has just reduced his estimates. But Gawker publisher Nick Denton thinks we’ll be lucky if there’s any growth, period.