Newspapers can't make money online? Not so!

Your moment of sunshine for the day: Geneva Overholser, writing for the Online Journalism Review about planning a career in journalism, says:

...the economic models just aren't working for newspapers online, lamented one student attending USC Annenberg School of Journalism Director's Forum.

Not true, said Osder, fresh off consulting work with Tina Brown's just-launched "The Daily Beast." Plenty of people are making plenty of money online. (As if in confirmation, David Westphal, Annenberg's executive in residence, noted that McClatchy right now makes more money online than it costs to pay all the editors and publishers in the company.)