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He certainly rips a strip off of Newsweak.

Yes, Rush was really on a roll yesterday! He came right to the edge of adopting the philosophy on Objective Journalism^TM which my #7 reflects, and which I've been developing since 9/11/01 in the ongoing thread,
Why Broadcast Journalism is
Unnecessary and Illegitimate
The transcript referenced by this thread will become "subscription only" around 6PM today when today's transcript goes up, right? I read the whole transcript, and it was very good as spoken English but not tightly structured as written English. That's natural, that is life. In the same way that it's natural for FR postings to have typos in them sometimes, even tho we do edit them. It's informal. But I read the whole transcript, and it defied easy summarization.
In a different part of his program he referenced a NY Times writer (Friedman?) who said that the MSM had become a political party. And that is my take, exactly. It's not a problem that a given newspaper has a political perspective, that's what the First Amendment protects. And that is exactly what the founders of the Republic actually engaged in - Hamilton and Jefferson waged their political contests in newspapers which they sponsored. In a very real sense those newspapers were the vanguard of political parties (which the framers of the Constitution had actually hoped to avoid).
But, as I noted in #7, the reality today is that the MSM coheres as a single Establishment, and that is an unfair and virulently tendentious political party. That political party is the actual leadership of the Democratic Party. And that is the real Establishment - the one which put "protesters" on TV during Vietnam in order to mouth the ridiculous notion that "the Establishment" was something which opposed the MSM.
I sincerely hope that McCain-Feingold will prove to be the Gettysburg of the MSM, its high water mark. Feingold is unconstitutional, root and branch, and I hope that it will implode before the next election and be swept away, and perhaps most of the preexisting CFR legislation with it.
Newsweek Lies, Who Dies?( America's Anchorman)
Rush Limbaugh.com ^ | 5/17/05 | Rush Limbaugh

I believe it was Howard Fineman who wrote about the death of the MSM as a political party.

The death of the MSM as a political party? What about the fact that it IS a political party!? The fact that it is a political party - a SINGLE political party - is one of my biggest contentions on this thread!
It is a fact. A fact which puts paid to any rationale for "Campaign Finance Reform" as anything other than a way to undermine opposition to George Soros and the rest of the Objective Journalism political party establishment. As anything, that is, other than a raid on the First Amendment. The MSM as anything other than a unitary party which is actually the leadership of the Democratic Party is such a huge fraud that "establishment" is scarcely a big enough word for that party. Quite literally I feel like the boy who is trying to point out that the Emperor has no clothes when I try to discuss this topic!
I'd very much like to find the reference by Fineman, if anyone can scare up the link.