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About the overall post, I don't think you necessarily need to pick sides in this. In a way, it's actually an exciting time for the whole media industry as it works to incorporate the Internet into new models of news and information distribution. I expect a lot of new things will rise and fall as different experiments succeed and fail.
That last sentence of mine probably seems more like a, "Duh. What else is new?" comment, but sometimes I feel like we need the reminder...