With cheap hosting and inexpensive, but powerful video cameras, something new is starting to appear: individual news services. I've seen a couple of examples of this, across a fairly wide spectrum of interests and politics:
Heck, there's the whole iTunes podcast and videocast section, the things above are just examples. The thing about video is this: just as blogs have been able to dissect print media - video blogs are able to dissect regular newscasts. The cost of running a network made video prohibitive until recently, but now it's in the hands of anyone who wants to jump in.
The media landscape is rumbling. I expect that the next few election cycles here in the US should be absolutely fascinating because of all this.