The following is a February, 2008 reprint from my blog at FastCompany.com. http://www.fastcompany.com/article/media-social At the time, I ran FastCompany.com as president of Mansueto Digital.
In November of 1997, before social networking on the Web was called social networking, FastCompany.com started the “Company of Friends,” dubbed the “Fast Company Readers’ Network.”
The network featured members’ professional profiles, online business discussions that were moderated by volunteer group coordinators, and in-person monthly meet-ups of more than 200 regional groups around the world. (Sound familiar? MeetUp.com was founded five years later in 2002 and LinkedIn followed in 2003.)
As progressive as Fast Company was, serving our online community of about 100,000 members was a secondary mission to creating great editorial content.
But no more.
Starting today, we become the first major media website to tackle the following problem: Can a business publication blend journalism and online community to create something better than either by itself?
We think so. If done right. That’s what we’ve been thinking about and working on at FastCompany.com for more than a year now.
Why bother in the first place? I could get high minded and talk a bit about what my colleague Jeff Jarvis of http://www.BuzzMachine.com  and the director of the new media program at the City University of New York calls the rise of “networked journalism .”
There are a lot of important reasons why amateurs should be powerfully enabled to participate in journalistic endeavors.
But we’re also doing it because it’s fun. It’s innovative. And it’s very Fast Company.
So what is it?
First off, here’s what it’s not: It’s not a pure social network. A pure social network tries to recreate what Mark Zuckerberg of Facebook calls the “social graph ” of a community that already exists. You go to Facebook or MySpace and find the friends and co-workers you already know. The real world gets reproduced virtually. Maybe you meet a friend of a friend.
We’re not that.
We’re an entirely new community of people brought together because we want to share ideas about business. We like business. We think it’s important. Work gives more meaning to our lives. We believe business profoundly helps define our culture.
We don’t always know each other yet. We’re an open community. Feel free to introduce yourself to a stranger with interesting ideas. Try not to pay too much attention to the resume info on their profile pages – pay attention to their ideas, what they write or say.
Personalized profiles collect most everything a member contributes to the site: from a blog if you choose to write one, to your answers to daily questions from our editors, and much, much more.
If members participate actively, we’ll all get to know each other very well.
Second, the site is not an end to professional journalism. We’re still the website of one of the most influential business magazines in the world. Journalists like Robert Safian, Ellen McGirt, Chuck Salter, Linda Tischler, Will Bourne, Charles Fishman, and Adam Penenberg will continue to produce thought-provoking, ground breaking stories.
Our newest online FastCompany.com editorial employee, superstar tech blogger Robert Scoble, http://www.scobleizer.com  will continue to cover Davos and CES and SouthbySouthWest. We’ll even be introducing a full slate of professional video programming (featuring Scoble and Shel Israel, among others) on http://www.fastcompany.tv  on March 3.
We are, however, an open forum.
Write an interesting blog post  and you’ll find yourself featured on the homepage of FastCompany.com alongside Scoble, McGirt and Fishman.
Respond to one of our articles and you may find yourself in an exchange with the author. Or perhaps you’ll add the author to your contact list so you can keep talking about related issues.
Suggest an interesting Fast Talk  question for the community to debate and you’ll find not only fellow readers mixing it up but our writers and editors as well.
Contribute a provocative video  and tens of thousands of our million monthly visitors might take a look.
Join a group  centered around a Fast Company core topic and engage other experts in your field.
Fast Company is about eight core topics: innovation, technology, leadership, management, design, social responsibility, careers, and work/life balance.
When you contribute content to the site, you can tag the content according to one of these topics and add your own free-form tags. We’ll automatically tag certain content, too (if, for instance, you’re responding to something, like an article about technology, that’s been previously tagged).
Will we stray off-topic once in a while? Sure. It’s sometimes too much fun to resist. For the most part, only the content and groups that fit our business-focused mission will bubble up to be featured on the site. That’s part of what our editors will be looking for.
We intend to stay a site centered around business conversation and that makes us unique. Facebook and MySpace already do a good job as general-interest sites. LinkedIn is a site for professionals to manage contacts. We’re different.
Third, we’re not chasing a fad. We’ve been in the business of online community for a decade. Opening up the site to deeply ingrain it with the voices of our millions of online and print readers has been a goal we’ve had since our owner, Joe Mansueto, gave us the means to realize this vision when he took over in 2005.
To make the vision a reality, we have become heavily invested in the Open Source movement. FastCompany.com is now one of the most sophisticated websites built on the open-source platform Drupal .
We’ve worked with some of the most talented user-interface experts  and Drupal  developers  in the world to build our platform and we’ve staffed up internally to become one of the best Drupal shops in the nation. Our office is now the New York home of the monthly Drupal meet-up.
Open source allows us to take advantage of the work of thousands of developers contributing back their work free-of-charge to the platform. We hope the development work we contribute back will help to improve all sites running on the Drupal platform. We’re committed to supporting OpenID, the movement to allow portability of a member’s own data from one site to another. (When you register  at FastCompany.com, feel free to import your LinkedIn, Gmail, Yahoo mail, or Outlook contacts. If Facebook opens their “walled garden ,” we’ll help you import those contacts, too.)
Finally, we don’t intend to be a closed-site. We want to share our model and our technology. We’d like to join with like-minded sites and to share the software we’ve spent a year developing – if they’ll join us in an open network where members can easily find each other and engage in a dialogue.
If you’re interested, just become a member of FastCompany.com. That’s where you’ll find me .
We think our site will help change how traditional media websites think about online community. It’s shouldn’t be bolted-on to the main website as a side show. And it’s not something only pure-play start ups can do well. In fact, media websites can leverage their editorial staff to develop a deeply engaging conversation with and amongst their community. It’s a model the pure plays can’t even compete with.
Community should be at the core of all media sites. From now on, we’ll see that social media doesn’t need to be separate from traditional media. The Media is Social.
Edward Sussman is the president of the Mansueto Digital network of sites, which includes FastCompany.com , Inc.com , IncBizNet.com , IncTechnology.com  and starting in March, FastCompany.TV  and Scobleizer.com .