Here's some folks who are trying to organize bloggers into a profitable entity: http://www.bloggingnetwork.com/Blogs/

The problem that lies in this model is that it's a mimic of the tired old proposition presented by About.com. Aggregate lots of content in one place, charge for it, and disperse the earnings to the collective after you cover your costs.

Model reads like a winner until you realize that your content is being generated by folks who place value on their work with the following statement, "This is so much fun, I'd do it for free because, face it, it's better than my day job."

With artists generally being unwilling to place any real value on their work, they'll continue to get paid for what they charge.

Not that this is a bad thing. It's just a thing.