CoMagz is a citizen journalism/News 2.0 play that seems to have appeared on my radar a few times, so I thought I'd take some time to explain why this kind of model might not be optimal. But first, the blurb:
CoMagz is a citizen media website which provides communities and groups their own online magazines—the CoMagz "CoMagazines". The content of a CoMagazine is created by users and rated by users. Any user can submit hot news, articles, and recommended links—or even write a column. CoMagz wants to be your favorite place on the web for reading and writing about items that interest you...CoMagz is also a community of people with shared interests. All users who choose to register with CoMagz are automatically given their own page in which they can put information about themselves. Readers of a CoMagazine can contact each other, discuss ideas, exchange information, and more.