Atlas Mugged

(hat tip to Instapundit)

A great article by Edward B. Driscoll Jr. Atlas Mugged: How a Gang of Scrappy, Individual Bloggers Broke the Stranglehold of the Mainstream Media

Up until the Reagan years, Love says, “definitely fewer than one hundred people, and maybe as few as twenty people, actually decided what constituted national news in the United States.” These individuals were principally concentrated within a few square blocks of midtown Manhattan, the middle of which was home to the offices of the New York Times. The aptly nicknamed “Gray Lady” largely shaped the editorial agendas not just of newspapers but of television, as well. As veteran TV news correspondent Bernard Goldberg wrote in his 2003 book Arrogance, “If the New York Times went on strike tomorrow morning, they’d have to cancel the CBS, NBC, and ABC evening newscasts tomorrow night.”
Love calls this “the Parliament of Clocks”: creating the illusion of truth or accuracy by force of consensus. “Really, the only way that consumers can tell that they’re getting accurate information is to check another media source,” Love says. “And unfortunately, that creates an incentive for the media sources to all agree on the same story.”