I came across an interesting story of a blogger who went on and established a book publishing company. This is really encouraging and one should look forward to more such news trickling in. Would we see a day when Google (Not exactly media though) or say Orato buys out a mainline newspaper. The company in question is Dzanc Books which was started as a literary blog Emerging Writers Network by Dan Wickett, 'a former quality-control manager for a car-parts maker'.
The Home page of Dzanc says :
Dzanc Books was created in 2006 to advance great writing and champion those writers who don't fit neatly into the marketing niches of for-profit presses.
With a registered community of more than 2000 writers it seems to be headed for exciting times. You could go through the story of their journey till now on Wired.
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