Mondoweiss understands the point exactly in my latest column on why old media simply don’t understand the changing rules of the game:
Smart piece by Antony Loewenstein down under saying that the mainstream media are going away not just because of a technological change but because they’re invested more in the establishment hierarchy than in information. I.e., they’ve blown the story. Or as I like to say, The New York Times and Washington Post got it wrong on Iraq, the greatest disaster in a generation; do you think there aren’t consequences of such a mistake? And the incredible force of the internet is capitalizing on that error.