No thanks. Too random for me. If the concerns noted below were addressed, it wouldn't be open news, though.
As Journalist: What do they want me to write/photograph? I'm not an assignments editor. And who is going to edit my work? I'm an artist of the word/image, not an editor. Why should I give up any ad revenue on my self-published pieces, now that setting up a site/blog and getting "Ads provided by Google" is so easy and cheap, not to mention the sweet little payments from PayPal? Google the subject and find me. No middlemen needed. With blogs, journalism is already democratized.
As Reader/Viewer: If I want unedited journalism, I can Google the subject and find self-published pieces all day long. Blogs-love em, hate em. On the other hand, publication sites are good. They have editors who provide an environment I can count on. The stories don't ramble on forever. The photo essays are so coherent that a picture editor must be involved.
As Publisher: 130 photos of their daughter carrying a spear in the school play and 10,000 words about the pride in being a 50 year old parent with a 10 year old child! Don't they know the price of bandwidth? Who do they think is going to read that? Periods and commas are free. Use them. At least when I was in vanity publishing I could have charged them an arm and a leg, shipped a couple of boxes of books, made a nice little profit. Oh well, it doesn't matter. The latest batch of cartoons will get us firebombed, anyway.
I like Arts & Letters Daily at
http://www.aldaily.com/ for referrals to good stories, most of which are in newspapers and magazines. A number of the columnist links send you to the columnist's Web site, not to a publication. No photo referrals. The site is not supported by ad income. It is a service of a journal, The Chronicle of Higher Education, which is supported by subscriptions and advertising.