Yes I agree that news stories are snippets, and they unveil over long periods of time sometimes. This is the standard model of news coverage in newspapers and television news. The exception might be an in-depth article in a magazine or like the Biography channel or something like that. But then that's not "News" because it isn't "New" which is one requisite I'd think to being news.
Contrariwise, some Wikipedians work vigorously to suppress part of what we'd call news, and label that censorship "BLP issue" or "potential libel" or "not encyclopedic."
And so yes, there really should be something that is a middle ground. An everything article, with a policy that BLP will not stand in the way of reporting, and also centralized articles.
Maybe knol will become this. They still need to work on it. I wrote a few knols last week and they still don't appear in Google searches, although they appear if you're already on the knol site. Knol also tackles the issue of credit more nicely than Wikipedia does. For professional writers one big drawback to Wikipedia is the no-credit issue. Most professional writers would like to be credited, at least in part, esp. if they were the single or main writer on the article. Knol handles this nicely, and I suppose their intent is that those articles deemed most useful will percolate to the top by being voted up.
We'll see.
Will Johnson http://www.countyhistorian.com
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