Romenesko

Seattle Times
From Brier Dudley's interview with Craigslist founder Craig Newmark:
Q: Why don't you start a newspaper or buy a newspaper?
A: The deal is, it's just too big a distraction. We do something well, we don't want to screw it up. Leave journalism to the journalism professionals. My schtick is I will help people who I can tell are doing good work. I can make noise on their behalf.
Q: Have you thought about adding news to your site, or using its reach to distribute news?
A: At some point there may be a good link, which given a ZIP code or whatever, we'll provide really good-quality, trustworthy news for that geography.