New York Times versus Digg
stevepavlina.com
stevepavlina.com
People who read the times are a much different reader. If he was in nyt and had something worthwhile, I'm sure he would have seen value from the article (although maybe not in the form of click throughs on his ads). Since he doesn't produce anything new or interesting, it isn't likely to happen though.
If you get 1% conversion of 50,000 visitors from digg, it's still better than if you get 5% of 500 visitors from NYTimes
One can possibly compare NYT with a bunch of bloggers, they are also content producers, but not with Digg/Reddit who produce nothing.
I agree, social bookmarking websites are different. Also, to be honest, I wouldn't call Digg a news website, I see very few newsworthy stories on Digg... it's more like a collection of cool links.