By Christopher B. Daly
Welcome to the news business to the latest wealthy businessman seeking to have a role in politics through the media. The newest member of the club is Bill Binnie, the founder of the media venture NH1, which is having its rollout this month in the state known as FITN for its “first in the nation” presidential primary, which is just around the corner in political terms.
Based on a quick search, it appears that Binnie is a Republican who made a fortune in plastics, which he converted into another fortune in the investing business. Born in Scotland, Binnie went to Harvard (on a scholarship, it should be noted) and to Harvard Business School, then did a stint at McKinsey as a consultant, telling other businesses how to run better. Eventually, he actually founded and ran several businesses of his own, including Carlisle Plastics, followed by a venture capital firm, Carlisle Capital Corp.
In 2010, he ran as a Republican for a U.S. Senate seat in New Hampshire and lost. He is a big donor to GOP causes and fund-raiser, and he has served as the chair of the finance committee for the N.H. GOP.
Now comes his latest venture: NH1, which debuts next week. Here is part of the Boston Globe‘s take, from today’s Capital section (which, BTW, is a welcome addition to the paper and potentially more meaningful to a lot of Globe readers than its much-heralded [if I may use that term!] new Catholic-watching section called Crux):
At a time when most newsrooms are shrinking, Binnie Media is doing the opposite, doubling staff to 120 in the past year and recruiting top journalists like former CNN political editor Paul Steinhauser and veteran political reporter Kevin Landrigan, who was laid off when The Telegraph of Nashua closed its New Hampshire State House bureau earlier this year. Binnie has also attracted a number of other seasoned journalists from cash-strapped local papers.
Hooray for hiring. It’s good to see someone taking up the slack from the diminished statehouse press corps. And Binnie could not have done better than to hire Kevin Landrigan — whose desk used to abut mine when we both worked in the Massachusetts Statehouse Press Gallery in the mid-1980s, he for the Lowell Sun and me for the AP. Kevin was simply the best reporter in the room (the Globe’s Frank Phillips was down the hall in a separate room, and John King didn’t stay long enough to build up Kevin’s cred). I learned a lot just from eavesdropping on Kevin’s phone conversations with his sources — not that I picked up any actual facts but I got to see his technique at work, which was relentless questioning, double-checking, and working his sources. He broke a lot of stories and always seemed to know what was about to happen next. I knew Kevin as decent, fair, straight-ahead, a total pro.
As for Binnie, he has actually been involved in TV and radio in New Hampshire for a few years, but he is taking another step forward in creating NH1, which is billed as a multimedia platform — which I guess means broadcast TV, plus a website (still under construction) but no print medium that I can see. The idea appears to be to capture some of the vast amounts of money spent in New Hampshire every four years on TV political ads.
Will NH1 survive through the lean off-years in politics?