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Originally Posted by $5 submissions
With all due respect, Alex. "Webmaster" is a broad term. Many people are webmasters who make a lot of money who don't know html or php etc. Perhaps on a broad basis, "Webmaster" can be defined an online business person who sources his promo materials from specialists and spends his time strategizing re generating traffic and monetizing that traffic? I'm sure there are the "classic" webmasters who know design, html, scripting, etc. But perhaps this is too constricting a definition since it does not include webmasters who make $$$ by laying out capital and strategy and letting specialists do the job? Maybe the label webmaster may have less to do with a person's ability to install a script or build a page than with his/her ability to make money off the internet. Just my 
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Trust me when you work on a blog. IF thats going to be the main think you start doing and you are using a program such as wordpress. Down the line you are going to be editing themes. Installing add-ons, pings, etc.
If you want to be successfull it is best to able to know fully the product you are using.