LiveJournal, home to approximately 1.3 million active blogs and 10 million overall, announced this week that it's inaugurating ads on its site, following on from a post on the subject from the founder about six weeks ago.More here.
The general idea isn't all that dissimilar to what Salon has been doing for the last five years with its Premium service: you pay for the value you receive with either ads or money, your choice. LiveJournal has always offered free and paid accounts, basing the incentive to pay on limiting the features available to the free accounts. Now, it will offer an intermediate "Sponsored" level which will include ads. If you're a logged-in paid user you will never see ads; if you're a free or sponsored user (or visitor) you will see ads on LiveJournal's main site and on sponsored journals. No one has to display ads on their journal.
Almost simultaneously, Six Apart, the owner of LiveJournal, announced that it had secured $12 million in venture capital funding. LiveJournal was a cooperative community; now it's a business.