The Blog Mogul

Felix Salmon takes a look at Gawker's earnings numbers:

Gawker’s now a lean money-making machine, which is well positioned to survive any further plunges in the online advertising market. The “I’m not in this to get rich” Denton of 2003 is a fully-fledged mogul now. And now he’s beginning to show impressive earnings growth, can the sale of a significant stake be far away? Or even the first blog IPO?