Wikimedia has put up a proposal and voting page for Wikinews, a service to neutrally summarize and report on current events.

We seek to create a free source of news, where every human being is invited to contribute reports about events large and small, either from direct experience, or summarized from elsewhere.

While Wikinews aims to be a useful resource of its own, it will also provide an alternative to proprietary news agencies like the Associated Press or Reuters; that is, it will allow independent media outfits to get a high quality feed of news free of charge to complement their own reporting. Thanks to copyleft, anyone can create their own free news source - even a non-neutral one - on the basis of our work. Even if our articles will initially be few, they will be free, permanently available and not require registration before reading. Source: Wikimedia.