"No one reads newspapers anymore" was a line I heard over and over at this week's Web 2.0 Summit. "Did you see that one session where that one guy asked people to raise their hands?" Talk about a skewed data set. Buried in Valleywag's gloating over a tiny dip in print ad revenues at The Wall Street Journal was a more telling stat: The paper's print readership went up 8 percent in the past year after its publishers cut subscription rates. Average income for the Journal's two million-plus daily readers is around $200,000 a year, their average net worth over $2 million. Sixty percent are classified as "top management." If the wantrepreneurs packing Web 2.0 don't read the Journal, here's another way to look at it: Maybe they should start. (DISCLAIMER: I freelance for the WSJ. It always makes me laugh when Om Malik tells friends I don't have a real job.)

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