echelon V: Closed Source Media

I might be a business major and I might be a Windows user, but the concept of open source is something I respect, and I'm a huge advocate of a general online right to privacy.

So what we have here is a bunch of conservative bloggers (which really has nothing to do with my point here, they could be communists for all I care, though I doubt communists would come up with something like this) who acquired $3.5 million in capital to fund what they call 'Open Source Media'.

Okay. $3.5m for a fucking blog? I hope those investors know how badly they've been ripped off. But that's not what annoys me. What really annoys me is this, from the privacy policy:

Our Site and all its contents, which includes, but is not limited to, text, graphics, photographs, logos, video and audio content, is protected by copyright as a collective work or compilation under the copyright laws of the United States and other countries. All individual components of Our Site, including, without limitation, articles, content and other elements comprising Our Site are also copyrighted works. Additionally all of the weblogs linked to by us are likewise protected. You must abide by all additional copyright notices or restrictions contained on this site and our linked weblogs.
You may not reproduce, distribute, copy, publish, enter into any database, display, modify, create derivative works, transmit, or in any way exploit any part of this site. The only exceptions to this are that you may download material from Our Site for your own personal use, provided such download is limited to making one machine readable copy and/or one print copy that limited to occasional articles of personal interest only. No other use of the content of Our Site is permitted. Please contact our Sales Department if you wish to have rights other than those stated above.

'Open Source' my arse. For comparison, here's the privacy policy of another very popular political blog which I frequent: