Open Source Media Debuts Today

There's a new 800 pound gorilla in the media business and it's called Open Source Media. You'll want to bookmark this site.

OSM is the creation of several of the top bloggers in the country, including Charles Johnson, Roger L. Simon, and Glenn Reynolds.

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.

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 mainstream media ought to be a little nervous about these guys.