inluminent

So says Dan, [via Phil]

The buyout is a huge boost to an enormously diverse genre of online publishing that has begun to change the equations of online news and information. Weblogs are frequently updated, with items appearing in reverse chronological order (the most recent postings appear first). Typically they include links to other pages on the Internet, and the topics range from technology to politics to just about anything you can name. Many weblogs invite feedback through discussion postings, and weblogs often point to other weblogs in an ecosystem of news, opinions and ideas.

“I couldn’t be more excited about this,” said Evan Williams , founder of Pyra, a company that has had its share of struggles. He wouldn’t discuss terms of the deal, which he said was signed on Thursday, when we spoke Saturday. But he did say it gives Pyra the “resources to build on the vision I’ve been working on for years.”

Part of that vision, shared by other blogging pioneers, has been to help democratize the creation and flow of news in a world where giant companies control so much of what most people see, hear and read. Weblogs are also becoming a valuable communication tool for groups of people, and have begun to infiltrate the corporate, university and government spheres.

Looks like Google beat Yahoo to the punch possibly, and that leads me to believe that innovation at Yahoo is pretty slow nowadays (only my thoughts from what I’ve read).

[later: Jeremy comments on this development and I'm sure many many more will do so soon as well]