So argues Lee Smith here. An excerpt:

“None of the big media companies has figured out how to make their Internet presence into a profit center that can sustain operations, even as they turn their hallowed brand-names over to opinion bloggers who can generate copy at a tiny fraction of the cost of traditional reporting. The Israel, or rather anti-Israel, market is one of the most attractive niche markets in this trade because it taps into a passionate audience that is interested in news and can generate immediate and measurable results–page views, hits, and comments.”