Economist: Profits at last

The Economist reports that some Internet firms are making profits by charging for content.

It is not just the Internet-shopping boom that has delivered an early Christmas gift to investors. Behind the scenes, a more significant trend can be discerned. A year ago, the collapse in online advertising sales threatened any business˜from portals such as AOL and Yahoo! to online magazines such as Salon˜that had built itself around banner-advertising sales. Yet necessity is the mother of invention. Deprived of advertising dollars, some Internet firms have proved surprisingly adept at unearthing alternative sources of income, from subscriptions for digital content to fees for online services.

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