The Guardian is doing live blogging, ConservativeHome are too, though currently they are focused on live optimism.

Seems 300 losses is the pivotal figure for Tony. More and he is in trouble, less and they will reshuffle and spin their way for another day.

Cameron’s Conservatives must get 200 gains or he is humiliated, 400 hundred and he is vindicated and “the project” is proven. In between is acceptable. Should be a good night for the LibDems as well.

Can’t find a LibDem or Labour live blogging session. The Guardian wil have to be a proxy for them. PoliticalBetting.Com seems quiet.

Guido will be live drinking and live posting on these three blogs, followed by live sleeping.

Michael White does not like being teased. In a very touchy separate “Footnote” to his column today:

Some of my warmer critics in the blogsphere assume I write this sort of stuff because I fancy Tony Blair or think he’s going to give me a peerage. Two points here. I steer clear of any intimacy with politicians, it’s not healthy. Blair and I wouldn’t choose to go on holiday together, we’d annoy each other. Personally I wish the little chap read more books and spent less time in the gym. He probably feels just the opposite about me. As for the peerage, they don’t give them to people like me, which is good because we don’t accept them. That said, conventional wisdom has written Blair off as a crook or has-been. The rightwing press, in tandem with the opposition-is-more-fun (and we get lower taxes) left, says so very loudly every day. So I take the opposite view. Of course he’s been a disappointment: that’s life. But he’s still a formidable operator.

Guido never suggested a peerage, merely a knighthood for his beyond-the-call-of-duty service in excuse making for politician’s excesses. Judge for yourself; Exhibit A is an atrocious bit of White-wash making excuses for the secret loans to Labour, and Exhibit B, wherein he swallowed the demonstrably ridiculous claim that Ms Beckett’s jetting to Derbyshire was not excessive because the 110 times she used the Queen’s Flight cost only £100,000. A blatant bit of bullshit spin from New Labour that an intelligent journalist like Sir Michael should not have been taken in by. In that same article he said “That doesn’t strike me as excessive, though I am open to correction.” It is not excessive, but it isn’t true either, as a National Audit Office report makes clear. So go on, correct yourself in another footnote.

Incidentally, the “Sir Michael” line was given to Guido by one of his own colleagues.

Sources close to the Mirror told Guido yesterday that the breaking of their scoop was not part of some conspiracy to get Clarke and Hewitt out of the limelight. They spent a lot of time with the angry boyfriend. When they put it to Prezza it was blankly denied. He lied when caught. Little did Prezza know that the Mirror had certain legal difficulties proving what it knew to be true, after all, the diaries where not the boyfriend’s property. But Prezza caved in much to the shock of the Mirror team, who were by this time “banging our heads against the walls”. Media students will note that the scoop was not broken by the Mirror’s lobby journalists.

If Prezza had stuck to his story and Tracey had kept quiet, Guido is assured that the Mirror would not have been able to run with the story, despite the diaries and photos. He would not have been humiliated about his tiny todger.

Tracey has already received offers for Love Island and Endemol’s Big Brother. She will easily make a million if she wants, as a sort of Chantelle/Abi Titmuss/Rebecca Loos tabloid hybrid. Welcome to “reality” Tracey.

We Media was as expected about Media Tarts and people who want to be Media Tarts. The wannabees are all earnest types who want to change the world and the suits run the world, or at least know the people who do.

Checking the audience, Guido asks “Who knows the blog?” Half the suits put up their hands, together with the political bloggers and the BBC types. Those saving the world and wanting to be proper Media Tarts look blank. Conclusive proof that monging on this blog will not help save the world, which is a relief.

Ran through the presentation, cracked a few Rosie Winterton jokes. Argued with a drunk Tim Ireland. Got introduced to Mr BBC, Mr Yahoo and Mr Other Important Suit. Mr BBC was a Guido RSS subscriber and everyone else’s boss, Mr Yahoo had windswept hair and looked like he had badly overdone the sunbed. Clearly had no idea where he was or why. Perhaps he was fire damaged. Judging by the simpering of Media Tarts around them, these were important suits.

Note to Biased BBC, you are getting under their skin. You will be pleased to know you are the recognised enemy. BBC types representing all shades of opinion spoke at length, from those that want to extend the licence for another decade, to those that want to increase the licence merely in line with inflation and those that think it is a disgrace that we even have to discuss the hallowed licence fee. One speaker talked entirely about the disgusting idea of advertising. He thought it would be a threat to the BBC’s impartiality.

Things Guido learnt : Some people think blogging will change the world. They each have blogs read by 7 other world-changing type people. They think Reuters, News Corp. and the BBC will be dethroned from the elite heights of Media Tartdom by using trackbacks and through backpacking American undergrads taking pictures of demos in Nepal, which they upload from their digital cameras to the internet. Bloggers will especially dethrone Murdoch and the bad King of Nepal (possibly not in that order). The Media will be better for it. The suits were very quiet during these bits. Blogging about blogging will save the world. Some of the world-saving bloggers intend to make money from this. They are the suits of the future.