Scott Karp of Publishing 2.0 writes about the NowPublic financing and takes issue with the terms “citizen journalism” (which I admit is a terrible term) and “crowdsourcing” (which I actually kind of like). He says that what is going on at NowPublic is just journalism, period — or perhaps “networked journalism,” which Jeff Jarvis suggested as an alternative here.
Update:
My mesh friend Jeff Howe — who coined the term “crowdsourcing” — has a post in response to Scott’s, in which he effectively agrees that it’s really just journalism, extended to new sources.