In yesterday's post, I linked to an IFC-sponsored poll that said Fox News and "the Internet" are now seen as trusted and respected sources for news. Well, they can be. In fact, I feel a little guilty about ragging on Fox News when I've seen them do some good work in the past (really).
Example: When the I-35W bridge collapsed in Minneapolis in 2007, I happened to be flipping channels and noticed Fox News had reporters on the scene doing on-the-street interviews a full 10 minutes before CNN. And I thought they did an excellent job of reporting new information at regular intervals, rather than rehashing the same sound bites ad nauseum all evening.
In this media environment, I think that element of being fast and current is what gives the Internet an edge. (see also: Online Journalism's post on why video blogging is 'a good thing')
Network news might follow suit, but given they only have half an hour a day to fill, it's almost impossible to have the same kind of immediacy viewers seem to want. Maybe they'll become more series-focused (like NBC's Making a Difference)?
Like every other mass communication medium, it'll be interesting to see how news distribution continues to evolve with technology.
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