A new study being published by the University of Texas and Chitika says that the top 50,000 blogs may have generated around $500 million in aggregate 2006 revenue, reports Tech Crunch.
I’d consider saying that the top 50,000 blogs represent something like 80% of all blog revenue, but it’s probably much more than that… because blog #50,000 probably makes a very small amount of revenue, let alone blogs #50,001 to #70,000,000.
Anyway, in the US the web advertising market was a $17B one, and around the world, the number was $25B. So, depending on how you slice it, blogs took in 2 to 3% of web advertising.
What does that mean? Whatever you want it to mean…
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