I agree with you. I don't watch TV news anymore, not even Fox. I watch Beck (I pre-record it) and thats it. I get my news primarily from the internet and primarily from FR and the news sites the stories come from.
I realize to do it well is a big job. Its one thing for me to write a little rant capping on someone else's article. Its another to do original reporting; I note that Beck has a rather large crew doing the research for his show, and you can tell the difference between what he does and what others do who don't have the staff for research.
But FR has the entire world, and thousands of people digging out stories and commenting on them. So in effect you have the combined talents of thousands. Weird how it works, but it works.
I suspect someone here at FR with a little talent and some streaming audio or video could leverage this up to another level. I'm not sure what it would take technically but its got to be a lot less than a traditional broadcaster.
bump