I actually didn't think anymore about this, at least not in more detail, but here's the brief initial idea that I had.
Recognizing that many people now receive their news from blogs, and other social networking mediums, where oftentimes the stories are more complete (niche blogs writing about what they're passionate about) why not have a "newspaper" which is essentially a collection of freelance blog articles. Bloggers currently write for free, so there would not be a cost associated with the majority of the news articles written (except perhaps a link back to their home blog.)
In my mind's eye this would allow for a seemingly endless ability to cover all sorts of stories, covering any sort of niche. It'd be pretty much the reader's paper: Of the people and for the people.
To keep it neutral a bias voting system could be implemented where needed (ala FairSpin.org) although articles wouldn't only pertain to politics.
Thoughts?