Open-sourcing the news

CNET News: Can Internet volunteers improve journalism? Wikipedia co-founder Jimmy “Jimbo” Wales is out to find out.

Wikipedia is a very successful online encyclopedia written and edited by thousands of volunteers. Now they are trying the collaborative wiki process on news.

The project, called Wikinews, is in its early stages and faces clear challenges, from the difficulty of doing original reporting to delivering news quickly in a peer review model.

Then why do it? Wales and others think that the mainstream media have let slip their pledges of objectivity and commitments to high-quality journalism. The goal of Wikinews is to give the straight story, neutral and unbiased. And to get the facts right–an area where mainstream media has lost some credibility.