- A network of completely independent journalists who gather news and post their news content on blogs
- A variety of aggregators who collect, organize and promote this output—locally, regionally, nationally, and around various niche interests
- A universe of news consumers access news, directly from the blogs of the independents as well as from the aggregators; and share, digest and repurpose news in social networks.
- Other enterprises provide related services such as the aggregation and organization of raw data (this might be Google) and the management of a set of localpedias and nichepedias (this could be Wikipedia operating at a more granular level than it does today)
So where's the "monetization" part of this business model? Here are some possible components:
- Blogs for independent journalists: Anil Dash of Six Apart just created the TypePad Journalist Bailout Program, intending to help out a few friends but ending up with a wave of interest. Participants get, Anil writes: "a TypePad blog, a place in our Six Apart Media advertising program, promotion on Blogs.com, and a healthy dose of our expertise and insights into helping publishers and bloggers succeed online."
- Resources like David Cohn's brilliant startup, Spot.Us, allowing crowdfunding as one of the ways journalists get paid.
- Tools such as Attributor to help track use of content by aggregators and flow audience and advertising share back to the originators.
- A system like the one envisioned by the Information Valet Project to regulate the allocation of advertising and transactional revenue across all components of the network, including, potentially, news consumers themselves.