I think this is great, and I'm glad to hear that there are people out there doing this kind of work.
The main thing you need to watch out for in this kind of situation is corruption of the news filtering process on the local level. It's much easier to successfully bribe/coerce/undermine a single individual running an independent newsletter like this than it is an entire newsroom. Editors are helpful for vetting sources, providing guidance on how to follow up on leads, etc.
>It's much easier to successfully bribe/coerce/undermine a single individual running an independent newsletter like this than it is an entire newsroom.
Except the problem in the US now is that newspapers are owned by corporations that own a bunch of newspapers, or very rich individuals/families - and a single individual can dictate what an entire newsroom says.
I don't see much of a difference when it comes to corruptibility.