More from TechCrunch50: a new startup that aims to create a “crowdsourced” newsroom that will one day take on AP and Reuters.

Crowdsourcing refers to the idea that multiple writers can work together to create a compelling and well-written article. The new company, Iamnews, is a news assignment hub for blogs and news Web sites. Blogs or Web publishers use it to solicit submissions from citizen journalists. These can include videos, photos, links, Twitter posts in addition to full articles. The publisher puts them all together to create the resulting article.

Iamnews was founded by Nir Ofir, who previously created Blog.tv. He explained the rationale behind the company: “The problem is most small to medium publishers do not have the resources to tap copyrighted news and photos. We allow publishers to create news assignments, invite reporters to come in and collaborate in the creation of news. You can invite your own reporters, or we can match you with reporters.” Iamnews will blur the line between the media provider and media consumer, Ofir adds.

Iamnews will sell articles to publishers and distribute the revenue to contributors. The company doesn’t want to be a destination site itself, rather Ofir hopes to create partnership with bigger sites. Contributors will be assigned reputation points similar to how EBay does it.

The site is in alpha but Ofir promises that invites will soon be forthcoming.