Community Funded Reporting

Kevin Dugan from The Bad Pitch Blog shared this link with PitchEngine over on FriendFeed: http://www.spot.us/

Here's the premise, according to their site:

1) An individual or journalist creates a pitch that outlines an untold story in a local community.

2) Members of your community vote, with their money, on what stories are most important to them.

3) A journalist researches the facts and puts together an article. Editors provide check-and-balance on the story.

4) Spot.us publishes the story in its news feeds and works with local media outlets to have the articles published more widely.

Definitely worth checking out...