Apple's video ipod: Micromedia has arrived

The release of Apple's video ipod has huge implications for the future of media. The Chicago Tribune has a great overview of the many potential implications for the media industry.

Micropublishing has already been hailed as the next big wave in publishing. AOL's recent $25 million purchase of a network of blogs with annual revenues of $1 million is an early sign that micropublishing via blogs is beginning to show great potential for profit.

People will always continue to seek out the big media for their regular fill of world news but they will increasingly 'feed' on niche newsblogs that cater to their very personalized interests.

But with the video ipod, can we also envision thousands of niche blog 'videocasts' (soon to replace 'podcasts') that people can buy at iTunes for an average price of $2?

Micromedia has truly arrived.