Is a "Wikipedia for news" feasible?

Larry Sanger writes: Online news has become ridiculously confusing. Interesting bits are scattered among repetitive articles, clickbait, and other noise. Besides, there's so much interesting news, but we just don't have time for it all. Automated tools help a little, but give us only an unreliable selection; we still feel like we're missing out. Y'know, back in the 1990s, we used to have a similar problem about general knowledge. Locating answers to basic questions through the noise of the Internet was hit-and-miss and took time. So we organized knowledge with Wikipedia ("the encyclopedia that Slashdot built"). Hey, why don't we do something similar for the news? Is it possible to make a Wikipedia for news, pooling the efforts of newshounds everywhere? Could such a community cut through the noise and help get us caught up more quickly and efficiently? As co-founder of Wikipedia, I'm coming down on the "yes" side. I have recently announced an open content, collaborative news project, Infobitt (be gentle, Slashdot! We are still in early stages!), and my argument for the affirmative position is made both briefly and at length.