One of the reasons I’ve been reminiscing on my publishing career over the past two days is because I’m now faced with a very big decision concerning Syntagma Media.

It revolves around a proposed major offshoot business : Syntagma Retail, which would publish two giant online network magazines — ShopShape UK and Retailz USA.

The problem is scalability. “blog networks” are essentially small-scale things, whatever the evangelists may say. In comparison with the GigaCos offline they are peanuts — to use a retail analogy.

Scaling up to the point where you can offer advertising space to the likes of Marks and Spencer, Tesco or Ikea is a quantum leap resting on a quantum leap.

When I asked about the likely investment needed, my friends in retail consultancy suggested a ballpark figure that matched Wembley Stadium in dimensions. My blood still runs cold when I think of it.

The question that intrigues me, though, is not the standard business approach but the mechanics of the operation. Could such a leap be built over time without opening an office in Mayfair? Would I want an office in Mayfair? — lunch at the Cafe Royal would be nice.

Should a publishing man even consider jumping into an industry about which he knows zilch+, or marginally less?

On the other hand, such thoughts haven’t stopped me in the past. Rags-to-riches is my middle name — usually in the reverse direction.

It all comes down to the complexity of the operation and the amount of work and expertise required. At present, I’m running Syntagma Media at the outer edge of my own capabilities and availability.

But the opportunity is there. There has never been a better time to do it, given that I have contacts who know what to do and the clout to make it happen. Not forgetting the vast and growing markets that adventurous retailing now commands, with the likes of China, India and Brazil the new frontiers waiting to be “conquered”.

So, what do Syntagma readers think? Let me have your views, please. I’ll take silence as a yes, obscenity as a no.

The news of Duncan Riley’s departure from b5media has been broken on b5’s external blog. No details are given and the post is couched in minimalist terms for such a loss : thanks and all the best.

It’s hard to guess from what we know, but Duncan posted on his perblog yesterday to the effect that he was “shocked by Toronto” (b5’s new base) and had left for New York tight-lipped and promising to write about it when he returned to Western Australia.

Darren Rowse remarked “meeting Jeremy for the first time was surreal”. That’s about as ambiguous as it comes, especially from a practiced writer like Darren.

Martin Neumann at The Blog Herald is puzzled why he left when the company had received VC finance. I’d say that was the moment when they could afford to buy him out. This has probably been going on for a while and when the VCs came in, his 25pc shareholding would have been diluted. He may have been happy to walk with a decent payoff.

At the back of it all, though, my guess is that there’s been a long-running personality clash between CEO Jeremy Wright and Duncan over many aspects of the business.

Clashes sap the strength of any enterprise and maybe it’s for the best in the long run.

On a personal note : I started blogging professionally on Duncan’s Weblog Empire, which became part of b5 at its inception. I left for personal reasons, but mainly because, as a long-term freelance, I found the b5 experience a bit confining. If Duncan feels the same way, I can understand that.

Syntagma wishes Duncan great success in his new career whatever that may be. I’ve a feeling it won’t be long before we know all about it.

When I started Syntagma Media one year ago, I thought we would probably still be in business after 12 months, but that there was a 49pc chance we might not be.

It’s now one day after our first birthday and we’re still here — bloodied but not bowed.

When I say bloodied, I mean it. Running a “blog network” is heavy going in terms of admin, maintenance, expansion, blogging, accounts, staying up-to-date, staying on your feet, and generally avoiding being dragged under by the currents that swirl all around you. The blog network business is not quite like Dick Whittington’s London Town — whose streets were supposedly “paved with gold”.

Our modest target for Y1 was to reach 50 sites and break even. We’ve comfortably achieved that and even exceeded it. I also wanted to have some solid ideas of what Y2 would be about, beyond increasing our content and making incremental improvements. More on that later.

The most important aspect of any publishing business, though, is the quality of the writers who build up the inventory and the list day after day. We now have 14 authors on our sites with varying degrees of experience in the blogging arts, but who are all excellent writers.

I’d like to pay tribute to their efforts over the past year. They are our Pioneer Authors to whom we will always have a deep debt of gratitude for sticking with us through the laborious early stages of building a publishing business.

I’d especially like to thank Lizzie Hamilton for toiling over various arcane aspects of this craft, especially the accounts, despite a recent illness. She is truly indispensable.

And Clive Allen, who designs our newer mastheads among other things, and also “tinkers” in the works like the motor racing buff he is. He’s currently writing our Guide for New Authors, which speaks for itself.

Also Adelle Tilton, who is no longer with us, but who provided a lot of forward momentum in the early days. Thanks to her.

They are all great troopers.

I had hoped to have our print publishing arm, Dial Publishing, up and sprinting by now, but somehow Steve Newman’s Humdrumming appeared on the scene and ran with many of our print projects, including Naked Tales: Stories By Writers Who Blog (due out in May), which originated with the Writers’ Blog Alliance, currently undergoing a much-delayed refurbishment.

Y2 and the Future

In any business, Y2 has to have a stronger “personality” than Y1 because it can no longer plead ignorance and inexperience to cover problem areas. More of the same won’t do. It has to have a genuinely innovative feel about it.

Our “big idea” is not just to pile on more and more websites, but to arrange them by broad subject area into groups with similar readership, encouraging traffic to surf between sites and offering solid categories for advertisers. We call these groupings Network Magazines because they perform the same functions as their print equivalents.

It is the beginning of a native, online, distributed, network magazine industry that will in time match and, I believe, exceed the glossy world of paper mainstream mags.

These magazines are subtly different, being distributed across many domains, and providing search engine advantages plus the atomizing effect which only the internet offers. The brand resides with the magazine, the niches with the websites, and the synergies with the topic similarities.

We’re still working on the idea with a number of organizations way outside the blogosphere and intend to launch Allusionz (Arts, Philosophy & Literature), LifeTimes (Lifestyles and Celebrities), and Phi (Science & Technologies), giving us three network magazines as the starting point of our rejoinder to the likes of Conde Nast and Time Inc.

We’ve avoided the venture capital route followed by other networks of the same vintage, like b5media and Sugar Publishing, because we want to be different. In any case, we simply can’t spare the 4-5 months’ work it takes to raise a modest amount that would do little to improve the quality of the product.

Instead we’re looking at creative partnerships for the future, and will take our time rather than rush into a botched liaison with the wrong people. But we are always open to ideas from our fellow network entrepreneurs and never close the portcullis of Syntagma Towers on enterprising suggestions.

Here’s to Y2.

The following story is not for the squeamish or anyone shy of opening their mouth in these politically-correct times.

Today’s UK Daily Mail reports : “The inquiry has lasted more than a year and cost a great deal of money… Witness statements have been taken and a 300-page report compiled. And the alleged crime being investigated? A group of councillors are said to have made baa-ing noises during a debate on sheep.”

Er … baa-ing noises?

“Havering District Council is treating the case with the utmost seriousness. The list of suspects has been narrowed down to four and a hearing will be held next month at which they could face suspension for bringing the council into disrepute.”

You know, whenever Americans say to me, “Your Tony Blair is wonderful”, I’ll be tempted to reply, “You don’t have to live here. You can’t even say baa to a sheep.”