Tuesday, November 15, 2005

Pajama's Media now Open Source Media

Pajama's had their big launch today, announcing their new name and some of their plans:
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.

I wish luck to everyone participating in OSM. I'm just not very convinced it is going succeed. A good business starts with a good business plan-a rock solid blue print for success. Everything I'm reading so far indicates that their business plan is a little shaky at this point. The ideas are fine, but it takes more than good ideas to be profitable.

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