I have also contemplated the future of blogging and have concluded that single-author sites are the wave of the past. Group blogging, with only a few exceptions such as Instapundit (of course), is becoming the norm. I think it almost certainly because the time requirements for a single author to keep a site going are oppressive, if the site is to have a significant daily readership - say, more than 2,000. I was blessed to have attained a respectable daily readership number, but good heavens, it was work to keep it going. Group blogs are able to spread the labor, and that’s why they are becoming more and more common.
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