Found this press release over at Common Dreams
"We believe local news reporting should become one of public media's top priorities," said Free Press Managing Director Craig Aaron, one of the paper's co-authors. "We should redeploy and redouble our resources to keep a watchful eye on the powerful and to reliably examine the vital issues that most Americans can't follow closely on their own."
The paper notes that the United States spends just $1.43 per person in federal money on public media - a small fraction of what is spent by other leading nations.
Check out the 48 page policy paper at
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http://www.freepress.net/files/New_Public_Media.doc.pdf>
I see folks complain here daily about our lack of a credible media, this strikes me as a pretty comprehensive way to take some of it back.