In US lots of Print editions of Magazines and Newspapers have closed down, unlike in India where Print Media still rules the roost.
Recently I was reading about the Google News Index which actually drives the traffic of the Newspaper site. Well millions of blogs are churning out Lakh's of good quality original interesting content every day. Most blogs do not have high readership. All this content is often picked up by the main media.
It would be useful to promote such writers through cash rewards and cheque's so that they continue their good work.
This practice is non existent any where and leaves blogger idea rich but cash strapped community.
Google adsense hardly generates the kind of revenues that would self support a blogger. In such a scenario most blogger's opt out of the cat race.