A lot of people who write blogs swear by Blogger and other free hosting solutions. Others are adamant that they would never host their blog anywhere but on a domain that they own. Which side of the fence are you on?
As for me, my two personal blogs and the AFHW blog are Wordpress blogs and are privately hosted. The corporate blogs I write are all privately hosted in house. I do write one blog that is hosted on Blogger, but that is more because the organization is new and cash poor than because we want to host the blog on Blogger.
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