These guys in the past, due to their slanted reporting, ignoring of stories, biased text, editing, sound-biting out of context, and even clever camera angles and visual effects, could make or break an American Presidential candidate's aspirations. They had THAT MUCH POWER.
Promoting some shamelessly (like Jimmy Carter) while trying to torpedo others (George Wallace, or Reagan when he took on Ford).
Now it is WE who can tear down these guys, like (snap!) that, overnight, via the Internet. I love the POWER.