From the Ingram 2.0 blog at globeandmail.com:
NewsCred, a startup with offices in Geneva and Stockholm that just launched this morning, wants to try and help change that by allowing readers of news sites and blogs to say whether they think a particular report, story or blog post is credible or not. Those rankings are then aggregated by the site based on a proprietary algorithm, and readers are able to see an overall ranking for the news site or blog, as well as for individual authors or reporters. ...
Another site that has similar goals to NewsCred is NewsTrust.net, a non-profit service run by former journalist Fabrice Florin and an advisory board that includes Craigslist founder Craig Newmark (who has also provided financing for the site). NewsTrust is also a beneficiary of a multi-year grant from the MacArthur Foundation.