Paying Content Producers to do What They’re Doing

Weblogs Inc. wants to pay the top DIGG/REDDIT/Flickr/Newsvine users $1,000 a month for doing what they’re already doing. CEO Jason Calacanis says, “The concept of “free” content producers…is going to be a short-lived joke. A loophole in the content business that will be closed by savvy startups which identify the top 5% of the audience and buy their time.” Welcome to the internet economy. I want in on that action.