Consensus was that the Internet has destroyed the old business model--the newspaper business model--that supported balanced, thoughtful journalism. It promotes sensationalism and trains people to consume news in smaller, bite-sized pieces, at least two insiders said. At the same time, it has widened the audience of news consumers and put more news at people's fingertips.
On a related note, I was talking to a friend recently about the pluses and minuses of the Drudge Report. My friend said (quotes from memory): "He just takes a story and puts a headline on it to make people like Barack Obama and Hillary Clinton look bad." Then, later in the conversation: "I usually start my day by looking at the Drudge Report."