I'm not sure specifically as I haven't read it. It could be about the city of Memphis, perhaps with a story set there involving the local culture, people, and their lives.
Memphis Belle is indeed rooted in truth. Although some elements might have been dramatized for the screen, the core events and characters have a basis in real history.
I'm not sure specifically as I don't have access to Fox 13 Memphis right now. It could be about local politics, community events, or crime stories in the Memphis area.
The West Memphis Three case is a complex and controversial one. Three teenagers were wrongly convicted of the murders of three young boys in West Memphis, Arkansas. There was a lack of solid physical evidence tying them to the crime, but they were convicted based on things like their 'goth' appearance and some rather flimsy witness testimony. Years of legal battles ensued as many people believed in their innocence.