The link to this is not correct. It should be "Some" webmasters are scared to link out"
I am old school I kinda resent the fact WebmasterWorld indicates webmasters in general are afraid of linking.
For me and what I do my work hasn't changed. I link out to sites all the time every day without a thought or worry about Google.
I think this is called shell shock were the person in charge doesn't have a clue what to do or were to go.
I know my direction and feel the people that come to the sites I manage know this as well.
To be constructive to the OP.
I would link to them and this question would have never been asked. By asking you really don't know what to do. Like somebody in here and can confirm this. Ain't gonna happen. I like the blog post idea.
Mind telling us what you did from the question you asked?