Ladies and gentlemen, there have been many jokes about it, but now it is here for real...I think:

The Printed Blog is an independent media outlet that aggregates user-generated content from the Internet and publishes it twice daily via print. The result is a revolutionary newspaper that reads and functions like a web feed - yet can still be enjoyed on the train or spread across the breakfast table, for an uninterrupted, pleasurably tactile experience.

The selection of content in The Printed Blog is based solely on the votes of readers and their geographic location. In such a way, The Printed Blog revolts against the top-down, 'one size fits all' model of newsprint, as we know it. Instead of one paper serving hundreds of thousands of people, as is often the case, The Printed Blog publishes hundreds or even thousands of highly-localized editions based on what a community declares is important to them. The papers are distributed to neighborhood pickup points in A.M. and P.M. editions, and will incorporate rapid turnaround reader comments.

The 26th Story says that the Printed Blog hit the streets in San Francisco and Chicago on the 28th. It's a bad sign when nobody can tell if your business model is a joke or not.