A new web-based start-up enterprise is combining the traditional community media model of volunteer-based local journalism with the technology of mobile geo-location. The website "Ripple" seeks to commercially conquer the hyper-local challenge that has so far eluded many other "new media" solutions.

“By combining location technology and a contributor community, we’re solving the very real problem of discovering relevant local content,” founder Razmig Hovaghimian said in a press release. “We are creating a hub for city news and stories happening right around you, tapping into the pulse of your city.”

While investors are betting on the commercial potential of the platform, could this also be a breakthrough innovation for community media?