If I were to follow a particular stream of thought in the blogosphere, I'd call the 'MSM' the 'LM' - the 'Legacy Media', an old dinosaur being beaten into extinction by the nimble feet and jaws of the new wave of news, the bloggers.
Welcome to the age of transparency.
Bloggers Will Rescue the Right (I think this Brit is overly optimistic about a Brit blogosphere)
Those of the internet FORUMS and blogs are EQUAL to any credentials that the MSM mediots may profess.
I believe our credentials are far above those of journalists.
Let me explain.
(1) We state our opinions. They hide theirs.
(2) We have actual experts on any subject known to man here at FR or at any large blog. Don't believe me? Try making a stupid statement about the mating habits of fruit flies and see how long before a poster who works in the field shows you the error of your ways.:-) The media relies on a limited number of official sources that are usually "politically correct" since they are part of large organizations. Our "experts" are often the worker bees that have the facts uncensored by the PR flacs in their organization.
(3) We get immediate feedback if we say something incorrect.
(4) We love the give and take of debate and disagreement. They hate it. There was a recent show on CSPAN where a group of New York Times reporters stated that they all hated their jobs, hated criticism, hated the blogs, hated the emails. We love FR. What you love you will always do better than someone who hates the task.
(5) We have a better medium with the opportunity to link to other threads, articles, web pages of all kinds. Therefore our communication is more in-depth, more precise, more thoughtful. They are stuck on a piece of paper that links to nowhere.
Now you know why they are very very afraid.
Al Franken Meltdown -- I worked my way through the links and watched the video. While it won't go down in the annals of greatest clips of all times, I do think it's significant in one way. Once again, it shows the incredible power of the blogosphere, alternative media, etc.