Bear Creek’s Bill Lorge on Campaign & Media Reform

Bill Lorge (LorgeforSenate@aol.com) email his list of Political & Media Reforms (a very useful list it is):

  • Campaign Reforms
    • $100 Limit
    • Eliminate $1 Check-Off
    • Matching Grant Money
    • State Contractors Cannot Donate
    • Eliminate PAC’s
    • Ballots mailed out with Tax Forms (timing challenge, I think)
    • Online Voting (more challenges)
    • Term Limits
    • High School Seniors can vote
    • Eliminate the State Elections Board
  • Media Reform
    • Balanced Print Media Reporting (! – I like this: “A better solution would be to have the State put legal ads on the Internet and avoid putting them in the papers altogether. This would save a ton of taxpayer money and lower our local property taxes; As one Town Board Chair once told me his biggest expense is paying the local weekly paper for legal ads.)”
    • We (the public) own the airwaves and should be free to use it.

I’m not sure my synopsis did justice to Lorge’s document. Print and read it yourself here: 155K PDF. Or read it by clicking below…

(more…)

A Pravda View of Guild.com

Jason Stein points to Madison’s Guild.com as an example of how “critical that [venture capital] funding can be”:

In the late 1990s, Sikes dreamed of turning her Madison art catalog and publishing business into an Internet site that could sell pieces of art directly to the public. With millions in venture money to strengthen it, Guild.com survived the dot.com bust and now has 35 employees.
“Venture capital helped build this company to what it is today,” Sikes said. “The reason most start-up businesses fail is because they’re undercapitalized. There is an enormous need in Wisconsin for more venture capital.”
Fred Schwarzer, managing director of Charter Life Sciences in Palo Alto, Calif., said most venture capitalists stay relatively close to their East and West Coast offices and don’t get a chance to discover Madison companies like Guild.com.

Rather than drinking the kool aid and simply printing Guild CEO Toni Sike’s statements, Stein should have dug in a bit and run a quick Google search and found that:

  • Local investors lost millions during Guild’s chase for west coast VC money
  • Guild was bought back from Ashford for less than pennies on the dollar

Holding up guild.com as a local vc success story would be like the folks in Silicon Valley point to their substantial VC investments in massive failure webvan as an example of why they need more venture funding. Local NBC affiliate channel 15 (now a friend of Capital Newspapers madison.com site (!)) ran a brief story on Guild a few years ago. No mention was made of their financial history. I phoned the reporter after the segment aired and asked why this was omitted. She said: “well, the local investors got to keep their [worthless] stock”.
I’m not sure we can point to any successful VC backed firm here. Rather, we can look to those firms that have built businesses brick by brick, such as Epic systems. This lack of big numbers points to the real problem, too few folks are willing to take risks…. (Sikes took some, for sure, but let’s tell the whole story).
Unfortunately, this type of hype is quickly dismissed by anyone doing their homework, which the serious VC’s will do.

Political Jihad and the American Blog – Jay Rosen

Jay Rosen takes a useful look at Journalism & Big Media (or MSM – Main Stream Media to some). I like this:

  • The real job of journalism is to help make the public lfe of the nation work well.
  • For journalists, the rise of citizen comment on the Internet should be something to celebrate and learn from.
  • The bias discourse has descended into meaninglessness, which doesn’t meant the press isn’t trapped by its own preconceptions.
  • The survival of Big Media is not critical, the survival of journalism is. There’s a big difference between those two.
  • Bloggers "who care about facts and ideas," and there are many of those, should be wary of the Orwellians on their own side, who are themselves engaged in propaganda– the charge they are most likely to hurl at others.

Jayson Blair on Rathergate

Jayson Blair, who brought down the NY Times Howell Raines comments on Rathergate:

It?s really sad to see what?s happening to Dan Rather and CBS, and no one knows like me what its like to lose their credibility. I would give anything to have it back. If I could turn back time, I would.

The fact that no members of the Main Stream Media (MSM) contacted Blair for comments speaks volumes.

Legacy Media & Dan Rather

There’s been no shortage of discussion regarding the apparent forged documents that 60 minutes used last week on a Bush National Guard Story. Jay Rosen has written a “stark message” for legacy media here.
I lived in San Francisco during the 1989 “pretty big one”, the Loma Prieta earthquake. I remember reading about this, and frankly feeling repulsed at the image of a Rather in a limo next to the flattened I-880 expressway stating this:

Some time after dark, a long white stretch limo pulled up beside the remaining structure in West Oakland. The back door opened and Dan Rather got out. He pulled down his tie, rolled up his sleeves, mussed his hair a bit so it might look as if he?d actually been somewhere doing something, looked into the camera and said, ?We?re here in San Francisco, where the freeway ??

When, in fact, he was in Oakland….

OODA Loop Round and Round Old Media – Amazing!

Observation, Orientation, Decision, Action – John Boyd’s OODA Loop applies to military as well as business and now media issues. Yesterday, the Minneapolis based powerlineblog used the power of the net to raise questions about a Wednesday CBS News/60 Minutes story. By the end of the day Thursday, the basis of CBS’s story was in doubt, as John Podhoretz explains.
This is truly a new day for citizen information (likely resulting in a variety of outcomes). Years ago, the only “check” on old media would have been a letter to the editor. Today, web writers (for better or worse) operate at a much higher cycle rate than the MSM (Main Stream Media) or old media types. This is the real change: the OODA loop is light years faster than the pre-internet days. Lileks and instapundit have more.
Counterpoint: The Daily Kos. This is funny….

Old Media Empires Strike Back

Scott Woolley on Broadcast Bullies:

For decades the radio industry has crushed incipient competitors by wielding raw political muscle and arguments that are at once apocalyptic and apocryphal. Radio station owners, who formed the National Association of Broadcasters in 1923, have won laws and regulations that have banned, crippled or massively delayed every major new competitive technology since the first threat emerged in 1934: FM radio.

Speaking of Old Media Empires, J.D. Lasica interviews Jack ?I say to you that the VCR is to the American film producer and the American public as the Boston strangler is to the woman home alone.? Valenti

Eating away media’s credibility

Mary Schmich is spot on, as she eats away:

Should the media covering the Republican National Convention attend a million-dollar party thrown by the city of New York and TimeWarner in a spectacular shopping center in Columbus Circle?
Should we chow down on endless free food from some of New York’s priciest restaurants?
Should we gobble up the free Republican National Committee Media Welcome gift booklet–the one that gives us discounts at Borders, Bose and Tumi, and complimentary espresso in the cigar lounge at Davidoff and a free traditional shave with shaving cream purchase at the Art of Shaving?
Should we accept freebies that on ordinary days we would understand were as forbidden as plagiarism?
Should we do this even though we report mockingly on the luxury partying of the political parties?
Should we shrug off our own conspicuous consumption, paid for by someone else, as part of doing business?
Well, it doesn’t matter what you think. It’s done.
Thousands of media types, swirling free martinis and chattering up a cyclone, swarmed through the shops of the towering new TimeWarner Center Saturday night.
Oh, look, there’s Wolf Blitzer. And some CEO of something. And that woman–isn’t she somebody?

This seems to be related (via instapundit)