Does touring generate cash? Is making money actually possible?

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Another interesting article here about the joys of making money in the music industry, based on the economics of touring. I posted an article about it before which was in relation to Fish (ex Marillion) giving a very very honest account of his touring expenses and returns. It makes quite somber reading for sure, especially if you are thinking of trying to start making money by going out on tour. It seems now that the recording industry is giving content away for free under the assumption that bands can or will make money from touring, when you actually start looking at the actually figures, this isn't actually the case. The first article I linked to also shows how venues are taking a Merchandising cut on any merch that you sell at their venue. When you look at the figures the percentage is pretty shocking! I would be interested in hearing you thoughts on this!EnjoyPeaceNeil