It takes a pretty big guy to admit when he's wrong. Last fall, Gawker Media Chief Nick Denton predicted a decline of up to 40% in advertising revenue. Now, he says he was wrong. At least when it comes
to his company, Gawker Media.
"The plunge has already been pretty terrifying for a range of companies from Yahoo and IAC to the newspapers," says Denton. "But I was wrong in one
respect: a few premium internet brands, Gawker's among them, have withstood the advertising apocalypse." Call him self serving if you must (and you really must), but Denton closes with: "I'd rather be
wrong and thriving than right and dead."
Read the whole story at nickdenton.org »