Open Source Media Launches
What is OSM?
A media Web site scheduled to debut Wednesday will seek to blend traditional journalism with the freeform commentary developed through the emerging Web format known as blogs.The mainstream media responds (sort of).
Some 70 Web journalists, including Instapundit's Glenn Reynolds and David Corn, Washington editor of the Nation magazine, have agreed to participate in OSM _ short for Open Source Media.
OSM will link to individual blog postings and highlight the best contributions, chosen by OSM editors, in a special section. Bloggers will be paid undisclosed sums based on traffic they generate.
The ad-supported OSM site will also carry news feeds from Newstex, which in turn receives stories from The Associated Press, Knight- Ridder/Tribune News Service and other traditional media organizations.