This conflates two issues. Online news being broken which I agree with emphatically, and online news discovery being broken and solved by limiting your sharing to a specific group of people which I'm skeptical about since I'm not sure how that's different to what existing giants in that space do.
Online news need a whole new revenue model that can support and encourage quality journalism instead of chasing ad impressions that encourages or perhaps demands the AOL-ification / Demand Media-ization that makes "news" a byproduct of an SEO and link bait game.