Today the citizen's media (a better name than blog-o-sphere IMHO) has won the lion's share of the audience, while the audience share and trust in the corporate media has plummeted. Most people get their political news off of the internet these days much to the annoyance of those who grew up with an unshakable sense of being able to lie with impunity as the path to power and great wealth.
We were telling you the truth. The government was lying. That situation persists to this very day.
Neither the government nor the corporate media will ever outright admit they lied to the public. Those rising internet stars they cannot buy off or otherwise co-opt will simply be ignored as the powers that be struggle to find ways to sell the old lies in the new world.
Personally, I think the effort doomed to fail. The internet has changed the fundamental nature of how information flows in our society just as dramatically as Gutenberg's movable type printing and there is no going back. We are entering an age where government and business must be more honest with the public, or simply cease to exist. The age of lies is coming to an end. Truth is winning. Deal with it.