The wikipedia model works reasonably well because it's a reference model that does not have immediacy as a criterion. Wikinews, OTH, probably will not succeed unless there is a journalistic underground that can feed it.
However, they may add some value by creating features and context pieces rather than instant news. That would be a valuable outcome, sort of a synthesis of major news stories that have a long timeline and continuing interest and relevance, perhaps, environmental issues, financial market backgrounders, the war in Iraq, the U.N. Oil for Food mess, AIDS in sub-Saharan Africa, tsunami follow-up, etc.
This Q&A excerpt is the core of this Wikinews experiment.
"Is this Wikinews project also a reflection on the state of Internet media?
"This is sort of an old cliche. But I think that we're now starting to see the Internet mature enough that we're seeing explorations and experimentation to make this a reality.
The old broadcast model, in which an elite set of scribes sends out their thoughts to world--I don't think it will ever completely go away, but it's getting challenged by a more interactive model, in which communities come together to do things that fall somewhere in the realm that we traditionally thought the media do."
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