A possible way to revive newspapers and newswriting

Given that traditional news outlets are dying, is this a possible way to revive it?

People write about news all the time, on blogs and reddit/facebook, for free. They write informed short posts about local events/stuff, for very few readers. If many of them gathered together on one platform, like a reddit or medium -style platform but exclusively for news-type articles, would that be a viable project?

Anyone could write and contribute, but some will consistently get reputation/upvotes and float to the top. It could be a donation-based business model, so the higher reputation writers get some cash.

This post was inspired by this one: https://lemmy.ml/post/57372