Smith Barney has an interesting report out arguing that content is on the rise and undervalued online:
Data gathered by the Online Publisher Association indicates that consumers are devoting
more of their incremental time online to content than to any other area, and content is growing its share of online usage. The key point here is that while broadband has generally been good for Internet usage overall, online content seems to be gaining more from broadband – both in terms of the product possibilities and in terms of consumer usage – than are email, instant messaging, online shopping, search and the like.
The key stat in making this point? The trend in the second line of the following table: