Let's look at print journalisim. I am an old man. As far back as I can remember, newspapers were owned by people who had a lot of money and bought a newspaper (or a chain of newspapers) to reinforce a particular point of view on politics, socieital norms, etc. Some of these newspapers were liberal, some were conservative and so forth. Now we have bloggers, and to be a blogger one does not have to be wealthy. But it seems to me that no one becomes a blogger unless they have a point of view which they wish to put forth.
So really, what's the difference? I think the only difference is that aside from the investment of time, it doen't cost anything to be a blogger. And on the other side of the equation, readers find it easy to deal with an compter and save the money of buying a newspaper or magazine.
My wife was looking over my shoulder as I wrote the above, and said to me, "I thought there was integrity in the old MSM jouralism." To which I replied, "Maybe in the sports section."