Howard Fineman--while getting the details wrong--faces up to what's ahead for himself and his colleagues:
A political party is dying before our eyes — and I don't mean the Democrats. I'm talking about the "mainstream media," which is being destroyed by the opposition (or worse, the casual disdain) of George Bush's Republican Party; by competition from other news outlets (led by the internet and Fox's canny Roger Ailes); and by its own fraying journalistic standards.
....The crusades of Vietnam and Watergate seemed like a good idea at the time, even a noble one, not only to the press but perhaps to a majority of Americans. The problem was that, once the AMMP declared its existence by taking sides, there was no going back. A party was born.
It was not accident that the birth coincided with an identity crisis in the Democratic Party. The ideological energy of the New Deal had faded; Vietnam and various social revolutions of the ’60s were tearing it apart. Into the vacuum came the AMMP, which became the new forum for choosing Democratic candidates. A "reform" movement opened up the nominating process, taking it out of the smoke-filled backrooms and onto television and into the newsrooms. The key to winning the nomination and, occasionally, the presidency, became expertise at riding the media wave. McGovern did it, Gary Hart almost did (until he fell off his surfboard); Jimmy Carter and Bill Clinton rode it all the way.
Fineman correctly notes that Republicans like Ronald Reagan and George W. Bush could get elected by ignoring the mainstream media, and thus:
...the last thing the AMMP needed was to aim wildly at the president — and not only miss, but be seen as having a political motivation in attacking in the first place. Were Dan Rather and Mary Mapes after the truth or victory when they broadcast their egregiously sloppy story about Bush's National Guard Service? The moment it made air it began to fall apart, and eventually was shredded by factions within the AMMP itself, conservative national outlets and by the new opposition party that is emerging: The Blogger Nation. It's hard to know now who, if anyone, in the "media" has any credibility.
And, as Walter Cronkite would say, that's the way it is.
The Academy's Committee on Taking It Like a Man, offers both its congratulations and its condolences.