How Bloggers Broke The MSM Stranglehold

A fairly long but interesting read by Ed Driscoll on the rise of the blogospere and the collapse of "dead tree" journalism and the Big Three news outlets.
Indeed the Pamphleteers of old would be proud.

How clueless? In 2004, Jonathan Klein, the former executive vice president of CBS News, described blogging as “a guy sitting in his living room in his pajamas writing.” Last May, Time-Warner CEO Richard Parsons was quoted as saying, “The Googles of the world, they are the Custer of the modern world. We are the Sioux nation. They will lose this war if they go to war. The notion that the new kids on the block have taken over is a false notion.”

Just how did the mainstream media (“MSM”) become so monolithic and unresponsive in the first place? And how is the rise of “Weblogs” helping to establish a new, more “fair and balanced” form of journalism?