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Topix.net which changed the the face of online journalism is doing it yet again with the relaunch of their service under the newly acquired domain name of Topix.com. This time they are targeting social journalism through the release of a new product that will allow readers to write, edit and share local news articles directly on Topix.com.

The news was broken by USA Today whose parent company Gannett McClatchy partly owns Topix together with Tribune. Topix covers local news already, which at the moment is auto generated. But this will going to change once and for all and from tonight Topix will become a socially edited online news paper. Topix allows users to comment on stories and its from these comments that the initial editors will be selected. It wont be long, when we will begin to see other goodies like localized news RSS, tagging, News from friends and so on.

I am strongly confident that this is a killer blow to the already dwindling Media empires. I just covered a story about Google joining in the bid to acquire DoubleClick. That story was originally broken by WSJ, but I didnt linked to WSJ, instead a linked to alarmclock. The reason was simple, WSJ´s story resides behind the walled garden of paid subscriptions, which all of my readers might not have.

Read Topix Corporate Blog and Topix CEO Rich Skrenta`s Personal Blog.

Also read TechCrunch and Mashable