That's pretty much it, imo.
The advent of bbs/chat rooms/forums has broken the monopoly the traditional media has on controlling information. It's actually very rare these days when a radio host (nevermind a newspaper writer) gets to break a story that we don't already know about. I imagine for much of the old guard, losing that influence has to sting a more than a little, especially those that eschew the value of blogging.
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