The internet contains a vast amount of information - some of it true, some of it false. If you don't apply critical judgement to things you read on the internet, you can badly come unstuck - but if you check the same data on an internet search engine it usually does not take too long to establish the facts - and you can use the same method to "fact check" reports in the Mainsteam Media (MSM), who also get things wrong occassionally.
In fact some of the reporting on the best blogs is actually superior in accuracy and quality to the majority of journalism in the MSM.
An example was the reporting on Political Betting (see link at right on this blog) from the Norwich North by-election by someone calling himself "Bunnco - your man on the spot." I have some knowledge of the area having lived in Norwich for a year while taking my postgraduate degree, and as mentioned, did make a brief visit during the campaign.
After the by-election he posted this summary which I honestly think is the best written report on an election that I've ever read. If the MSM want to survive in their present form they need to make use of the talent which people like Bunnco display in their blogs. That way they might avoid mistakes like the way most of the MSM fell hook, line and sinker for the Green party's overstating of their chances, and the BBC's exclusion of UKIP from a debate among four arbitrarily selected "major candidates".