This is a sample Internet Review newsletter, originally sent to subscribers on Oct. 17.I regularly look at many different sectors of the market in my job running a fund of hedge funds, as well as for my various writings. Sectors I regularly follow include alternative energy, homeland security, areas in information technology other than the Internet, nanotechnology, closed-end funds, and any deep-value stock or company with an activist following. But no sector excites me as much as the Internet. The Internet, by itself, is an emerging market, and every day there are new sources of profit that the various public companies are trying to exploit, and new private companies are getting funded every day that will get bought tomorrow by the six companies out there currently doing a landgrab -- Google ( GOOG), Yahoo! ( YHOO), InteractiveCorp ( IACI), News Corp. ( NWS), Time Warner ( TWX) and Microsoft ( MSFT). Looking at the various statistics in the Internet sector is important for unearthing where the trends in profits and M&A will take us. For instance, in an article earlier this year I outlined the demise of traditional media and pointed out that the right direction would be to look at the companies taking advantage of the 10 million (and rising) blogs out there. I identified New York Times ( NYT) as potentially losing the battle and said that whoever bought blog aggregators like weblogsinc.com or Gawker would be the potential winners.