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Can Wikinews revolutionize journalism the way Wikipedia did encyclopedias ... CNET interviews Wikimedia co-founder Jimmy Wales to find out.

From CNET:

"Wikipedia is a very successful online encyclopedia written and edited by thousands of volunteers. Now they are trying the collaborative wiki process on news.

The project, called Wikinews, is in its early stages and faces clear challenges, from the difficulty of doing original reporting to delivering news quickly in a peer review model.

Then why do it? Wales and others think that the mainstream media have let slip their pledges of objectivity and commitments to high-quality journalism.

The goal of Wikinews is to give the straight story, neutral and unbiased. And to get the facts right--an area where mainstream media has lost some credibility."

Steve Rubel is a PR strategist with nearly 16 years of public relations, marketing, journalism and communications experience. He currently serves as a Senior Vice President with Edelman, the largest independent global PR firm.He authors the Micro Persuasion weblog, which tracks how blogs and participatory journalism are changing the public relations practice.