Speaking of transformative media, Glenn Reynolds writes:

First the Katrina reporting fell apart. Then there was the whole wolf fiasco. Now there's the misreporting of the trapped-miners story.

If bloggers had made these kinds of mistakes, Big-Media folks would be pointing them out as evidence that the blogosphere can't be trusted. But where were all those editors, filters, and fact-checkers?

Update: Regarding the mining disaster and media meltdown, Sissy Willis writes, "The rumor spread, the church bells rang, Anderson Cooper & Co. fanned the fires, and there you were with a community of potential mourners believing in miracles and set up for a horrific letdown."

Another Update: Much more from Tim Blair.

One More: Great quote from Jeff Jarvis:

in our age of instant news and ubiquitous communication, the public sees this process as it occurs. It’s not the news that’s live; it’s the process of figuring out what to believe that’s live.