The LA Times has a really thought provoking article on the media, Trashing the Media. The LA Times requires registration, so be aware of that if it comes up.

This paragraph really stood out for me.

"The Left is sort of responding to a world that isn't even here anymore," Schechter says. "They tend to look at power as being government power, whereas the real power shift has been from the public to the private, which operates more subtly, with much less accountability, more in the shadows. The government is not the driver. Market values are the driver."