It's quite good. Note Howie Kurtz's quote in the 2 paragraph:
The proliferation of Internet Web logs - so-called "blogs" - has unsettled mainstream news organizations that have become a prime target for bloggers. On the whole, it's probably a healthy development. The news media have a credibility problem and bloggers, for all their excesses, have shown they have a role to play in holding mainstream journalists accountable.
For the first time, Washington Post media critic Howard Kurtz recently wrote, "millions of people with access to a wide audience (at least among the wired) are looking over the shoulders of journalists, or practicing journalism themselves . . . Many bloggers are careful and thought-provoking, others partisan or mean-spirited. But they are here to stay, and by and large they provide a healthy check on those who once monopolized the news agenda."
....Mainstream journalists have nothing to fear from bloggers if they remain true to fundamental standards of accuracy and fairness. They must remain cautious before passing along information from blogs or reacting to their charges, while continuing to learn from a form of mass media that is evolving before our eyes. Blogging, if practiced responsibly, could boost old media's credibility by making it more accountable to the public.