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OhmyNews to Do 2.0 Relaunch

This from a San Francisco Chronicle update on OhmyNews, the South Korean online newspaper that helped start the citizen journalism buzz:

After having turned a small profit for three years, OhmyNews slid into the red in 2006. It faces growing competition in South Korea, has failed to catch fire beyond its borders and, most important, has lost its luster as the must-read, latest new thing.

In an effort to get back on track, the privately owned company is planning an ambitious relaunch in late May — dubbed OhmyNews 2.0 — that seeks to double the number of citizen journalists in South Korea, to 100,000 over the next three years.

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