1. The document discusses alternative models for local media and news on the internet that could provide public service content at a much lower cost than traditional local television. 2. It proposes a model called LocalMe that would curate news, sports, and cultural videos from a local area uploaded to YouTube and other sites, along with content from local blogs and citizen journalists. 3. The model estimates it could provide local public service internet news for less than £100,000 annually, two orders of magnitude less than the £40-60 million cost for a local TV station according to OFCOM.