Hyperlocal is not the answer.
The only answer I can imagine to make professional journalism viable in the digital era is with a radically new business model. One business model on which the carriers and the content producers are again partners in the business of supplying quality information to the people. Here's my proposal of how it should go: http://josemoreno.posterous.com/a-new-business-model-for-the-media
We lack intelligent in the web. Our network of information should be (and will be, one day...) smart enough to value and monetize the bits and bytes that flow through it, among other things (filtering, for instance). Put intelligence on the network!
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