The NY Times' David Carr talks with Gawker Media's Nick Denton and oh boy, does he have something to say:

"BRACING candor is not the only relevant application at Gawker Media. Blogs, as they became a medium unto themselves, have generally been characterized not just by idiosyncrasy, but also by a publishing schedule known only to them. Not so at Gawker Media, where the writers publish early and often, delivering on the critical expectation that readers will always find new content. "

Publish or Perish still seems to be the motto. But let's get to the meat of the interview:

"There is no doubt that there is a bubble right now," he said.

So why not cash out?

"Because it would be too hard to start over," he said. "Sites need to be well-managed and well-designed and even then it is harder and harder to launch a site. The world does not need more blogs," adding that if you count all the pages on MySpace, "there is approximately one reader for every blog out there."

For his part, Mr. Denton spends a lot more time reading computer code than blogs. He believes that the common software behind blogs isn't up to the task and now has 11 people, including 4 in Hungary, working on developing proprietary solutions.

Go here to read the rest of a fascinating look at one of the internet media's Mini Moguls.