Perhaps it's that I want to make up my own mind about what's important rather than trusting it to the current news organisations.
How about some kind of fact based news service where stories bubble to the top based on the "severity" or impact on the world or my community.
So for example, on the front page of the international section, global events of the last 7 days are sorted in order of "severity".
We may have to make some assumptions about what severity means, perhaps lives lost, financial loss, environmental impact. Perhaps a user can sort by a preference. Users could also filter by Global, County, State, City ect.
Clicking on one of these news events could present a nice collection of links to standard editorial content on the net, or relevant Wikipedia pages.
I guess the content would be community driven, and you would add some game mechanics to encourage adoption. (Karma ect)
I'd like to do this myself for fun, perhaps as a side project one day.