[Happy Monkey]

That is all true right now, but when the major distributers are picking up stories from Drudge and the bloggers without doing their own research, they lose credibility. When they cover stuff like the "Runaway Bride!", they lose credibility. When they close their overseas operations, they lose credibility. When they think that objectivity means "he said she said" without any fact checking, they lose credibility.

Right now, the big news corporations are coasting on stored credibility, not building any. Some of them are using the illusion of credibility that big money and slick presentation can give when they don't even have stored credibility to coast on.