Following up from the last post, or at least a couple of aspects of it, you might like Eric Alterman's recent Think Again piece: "Blogosphere to Mainstream Media: Get Off the Bus (and Walk a Mile in Our Shoes)."
Among other things, Alterman has a pretty impressive list of reportorial coups by bloggers. He also quotes Josh Marshall (of TPM), who believes the more balkanized news ecosystem will lead to less balance (probably ought to be in scare quotes) and more honesty.
A bit pollyannaish, or at least unapologetic cheerleading, but stiil, it's nice to think we might not be completely doomed by the end of newspapers.
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