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Search Engine Watch has been a long standing reputable resource for our industry. Danny Sullivan has been entrenched in this industry for years and shares information which all of us can benefit from.
However, I do know that there are many reputable high quality publications & information services that anybody should consider, if they are willing to pay & are interested:
WebmasterWorld
SearchEngineWatch
Planet Ocean
Um, I think those are the only 3...each has it's pros / cons, and both Planet Ocean & SearchEngineWatch have been providing subscription information related to search engines for years. I know people that subscribe to both.
pageoneresults, does that mean you subscribe 'over there'?
Yup. I have paid subscriptions for a few industry resources. I've found that most of what I read in the paid subscriptions can be found here at WebmasterWorld if you have the time to dig through all the information. It's nice to receive everything in one condensed version.
I also find things in those paid subscriptions that may not be discussed in public forums. You know, those little tidbits that very few pay attention to but are worth their weight in diamonds!
There has been one post that said 'glowing comments' on PO, the rest (myself included) mentioned several publications. :)
Fact is, I have little time outside of this place, and I find SearchEngineWatch interesting, but simply don't have the need for more info - I have plenty here that I've yet to implement.
Though if you are looking for a tax write off - I would say do all three. Why not? They are legitimate business expenses.