This is great for anyone who wants to grab breaking news footage and tweet it using Twitpics. You can then use Storify or Storyful to bring that asset into your reports.
You can also chat with other viewers to gain perspectives and enter the global conversation around breaking news. Livestation can be viewed online, too, at http://www.livestation.com/.
[Declaration of interest: I have helped Livestation as a content strategy consultant and still have an interest in the company.]
Please add your comments or experience of using this tool in the box below so everyone can benefit.