But this is what I said after a really great comment by Tim.
"I just want to add the Print piece to your very reasonable model.
You say "...Ideally, a news web site *could* use the tools of the blog and the wiki to address the problem of timeliness and interestingness -- and focus their editorial energy on importance."
Ideally the content in Print should be determined, NOT on a calendar schedule, but a news event schedule. The Product is still delivered on a regular schedule. But editorial gives up chasing the "breaking news".
A sometimes undervalued feature of breaking news is that it creates focus . . for a moment. If journalists had 24/7 access to a wikipedia type site, focused on the local region and it's many ongoing stories, it should make it a lot easier to write the story that will "get the right information, to the right person at the right time in the right form."
It might be the way to deal with the fact that "general interest" news is best delivered by groups forming on the web and Search.
Newspaper Folks: Do this Next Part 1