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Can blogs replace the mainstream media?

In a column titled "Those Busted Blogs", William Power looks at the role and status of the blog now that the "hype-fueled blog mania" has eased. He believes that the three main functions of the media can be serviced by the bloggers. These three main functions are: "1) convenience (organization of news and information in user-friendly formats); 2) truth-telling (digging up important stories and holding powerful people accountable); and 3) pleasure (the sheer fun of reading, listening, or watching)."

What do you think? Can bloggers better fulfil these functions? Could the blog hasten the end of traditional media sources?

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