After Rupert Murdoch unveiled his vision about imposing a fee on online content, one year later, Romanian online publishers were already taking it into consideration. In an interview to Wall-Street, Henry Blodget, a noted Wall Street analyst, now CEO of one of the most popular online business publications, says “it makes him embarrassed for America” as it will hurt thousands of web sites who are now building the next kind of journalism.
CEO and editor in chief of The Business Insider, Henry Blodget is a former Wall Street analyst. He is also the host of Yahoo Finance video production, watched by millions of people every month.
In 1994-2001, Blodget worked for Prudential Securities, Oppenheimer&Co., and Merrill Lynch. He was designated as the most important Wall Street analyst in the online and e-commerce segment by Institutional Investor and Greenwhich Associates.
He was born in New York and graduated from the University of Yale.
Blodget holds stocks in companies such as Yahoo, eBay, Baidu, Amazon, Spark Networks, Microsoft, Merrill Lynch, Gartner Group, Time Warner. He also provides consulting services for companies like Schmap Ltd. (Hong Kong), PopRule, and Turtlejob (UK).
Wall-Street: How did the first half of 2010 look for online media? What trends can be noticed?
Henry Blodget:
There has been a strong rebound in display advertising since last summer, after the economy began to recover. Growth has been steady since then. Not explosive, but steady.
Wall-Street: Can we talk about a worse environment for online advertising in comparison with the same period of 2009? How do you comment?
Henry Blodget:
The two years after the dotcom crash in 2000 were actually worse. Then, the online advertising industry shrank by a staggering 25% and many companies went out of business. Last year, online advertising spendi
