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The search engines does its best to find the authoritative version of any content and rank that higher than all the copycats.
If you had a popular 'amalgamation' page which represented news that broke elsewhere then you'd be leaching off your own original stories. People would link to the amalgamation page rather than your scoop and one of the results would be that Google would see your scoop as less authoritative.
Currently there is enough demand for those big bulk buys that there's room for third parties to sit in the middle (between the publishers and advertisers) and make it all work. Whenever there's a third party involved in the net then there's a chance to take market share by doing without them.
This is what many people suspect Google is up to - especially now that they're integrating their systems into DoubleClick (and for display it is going that way around). Once advertisers can easily get the volume they need through a handy system then there is no need to reach for the purchase efficiencies an 'uber blog' buy would bring.
So would there still be a need for an uber blog? I'd certainly argue the uber blogs would have many advantages over smaller blogs but perhaps those advantages are lessened. The blog owner needs to concentrate on keeping page views and uniques up and sometimes the sub-domain route is not the best - not always advisable from an SEO point of view.
I think it's going to be a really interesting year. I suspect we'll see convergence of blogs/publishers and some advertising platforms - look at the Guardian as an example in the UK.
I have four pillars of industry stereotypes I like to use when referring to the maturity of markets: Anxiety-driven, fashion-driven, utility-driven and the fringe-dweller aka innovator.
Starting at the end, some years ago blogs went from fringe-dwellers into the utility and more recently into fashion segments. I can now see uber blogs moving towards the anxiety-driven(mainstream brand-driven) sector that news sites have traditionally had a strangle hold on. ALL my favourite science blogs are being snapped up as evidence of this.
All I can say is: hasta-la-vista baby blogs. your now all(most) grown up.
ps. faux pas. Your link of the graph compares The Inquisitr with CrunchBase and not CrunchGear...