Marc Gunther of Fortune decries the "loss" of mass media:

I think the explosion of choice has left us poorer in at least two arenas. The first is journalism. (Yes, as a Fortune writer, I've got a stake in the health of the mainstream media, which bloggers call the MSM.) The network evening newscasts, big-city newspapers and the national news magazines once had the money, access, skills, commitment and power to deliver lots of original reporting and put important issues on the national agenda. Today, they are all diminished.

Those evening newscasts were never that good (yes, I include Cronkite in that). "Everyone" watched them because there were three main choices (plus a handful of independent stations) in most areas. I gre up outside of New York City - in that media mecca, we were able to get 7 stations. When I went to college near Albany NY, we were getting 3 or 4. It's not that people liked having the limited choices; that was what we had.

It's a narrow-casting world, and there's no going back