I just started with the assumption that getting real-time quality news is the shining light at the end of the news tunnel.
Which seems like a reasonable assumption considering that every innovation/breakthrough in news/information industry has been heading in that general direction.
There are only 3 contexts by which news is relevant time(no one is interested in what happened years ago), location and category. Blogs have clearly favored category and applications like twitter have greatly reduced the time (although I believe twitter is not streamlined to get the most important news out quickest,different discussion). The only way to further reduce that time seems to be by truly democratizing news as in crowd-sourced news.