Pegasus News looks like a potentially interesting local-news model.
Steve Rubel examines what little is known of this start-up, which aims to go up against monopoly newspapers in 25 metro U.S. markets with a combination of micro-local news, open-source journalism (a.k.a., citizen journalism) augmented by professional editing, and pay-for-performance advertising (a la
Google AdWords).
One idea that struck me as really innovative is Pegasus' paid-subscription model. The rate will vary, with those contributing local-news content paying less or getting access to content for free. That's a great idea for a citizen-journalism-oriented site; it gives people a little incentive to contribute.
I agree that that could make sense. The problem is...
