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Nick Denton: Gawker revenues up 45 per cent in first half of 2009

The plunge has already been pretty terrifying for a range of companies from Yahoo and IAC to the newspapers,” writes Gawker founder Nick Denton, referring to his previous prediction that media companies should prepare for a 40 per cent downturn in advertising revenue over the economic cycle.

“But I was wrong in one respect: a few premium internet brands, Gawker’s among them, have withstood the advertising apocalypse.”

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