Today BusinessWeek and GigaOM formed a syndication partnership.  BW will be featuring content from Om Malik’s blog network every Monday.  After hearing about this, I realized that traditional media companies need blogs like us to keep them looking cool & hip.

This hypothesis is apparent when Guardian Media, a British media company acquired paidContent for over $30 million last week.  Another example is that the Washington Post inked deals with paidContent and TechCrunch to syndicate their content.  Video blogger, Loren Feldman produces videos for CNET (now owned by CBS) on a regular basis.  And then The New York Times bought out the Freakonomics blog in August 2007.

Are traditional media companies having a hard time finding talented journalists and bloggers themselves to provide the same unique content as us?  Blogging isn’t rocket science.  I’m just blogging to make money to power my own startup ideas, pay the office rent, and learn more about the industry.  What are your thoughts?  Why does traditional media need us?

Information Source:
[1] 1938 Media: Shel Israel Interviews The Other Guy From Diggnation by Loren Feldman

Other useful information:
[1] Wikipedia bio of Shel Israel

Warning: Graphic language.