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More and more, mainstream and cable news is competing with the Internets, commercial-free movie channels, Netflix, etc. I believe that the information age we are experiencing will change the face of TV news quite rapidly.
Who's to stop another entrepreneurial project like "YouTube" from becoming a news source? Why can't we have citizen news? We could call it InterTubes News! Or something. We have no lack of talent out here. Many a frustrated journalist-cum-broadcaster could become an "anchor" for a Web-based news channel. It would be cheap to produce, and most talented people would probably volunteer or work cheap to make a go of it.
God knows we have enough amateur videos on YouTube to last us 10 lifetimes. We don't need another video of your cat chasing its tail.
We should grab our video cameras (can I borrow one?) and produce a news show. We could link the site to all the big news blogs and create an audience for it. I can think of ten stories that deserve immediate attention that are being woefully neglected by MSM.
At the risk of being cliche, "If you build it, they will come."