A GOOD PIECE by Michael Malone on the future of Web media in ABC News. I'm sure you understand if I tell you I particularly enjoyed these paragraphs:

But as much as the handful of smart traditional media companies have transformed themselves to meet this new reality, I've long assumed that the real innovations — the defining models for mass media in the 21st century — would emerge from entrepreneurs of the Internet itself.

That's why, longtime readers of this column will remember, I cheered the arrival of Pajamas Media, the first real aggregator of the blogosphere.

Pajamas got off to a shaky start — stumbling just enough to satisfy those who had predicted it to fail but eventually finding its legs.

Now that the mainstream media have moved on to other stories, Pajamas is pulling in hundreds of thousands of readers each day, all drawn to its attractive mix of stories, viewpoints and, increasingly, videos.

Right now, especially on the big international stories, nobody covers events from more perspectives and with greater nuance than Pajamas Media.

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