I thought some of you might enjoy reading this article by Geert Lovink (I cribbed his title):
Media theorist and Internet activist Geert Lovink formulates a theory of weblogs that goes beyond the usual rhetoric of citizens' journalism. Blogs lead to decay, he writes. What's declining is the "Belief in the Message". Instead of presenting blog entries as mere self-promotion, we should interpret them as decadent artefacts that remotely dismantle the broadcast model.
For some reason this really resonates with me. Once you see the internet you simply can't see the media in the same way. It isn't that broadcast (journalism) must or will disappear, it is just that it is now only a piece when once it was the whole.
Anyway, it is a long article but worth the read I think.