BBC blogger demonstrates muscle of internet media

Anyone who thinks print offers a future in publishing should ponder this: Britain’s biggest banks blame BBC blogger, business editor Robert Peston, for wiping £17bn of the value off their shares, thus contributing to chancellor Alistair Darling having to dip his hand into taxpayers’ pockets for £500bn to tide the banks over.

Downtime cannot recall a time when the dead tree press moved such mountains. Downtime reckons Peston deserves a raise for signalling the triumph of NuMedia.

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