John Byrne has a post about how those of us who read news online do not have a favorite news organization. That is certainly true of your humble servant. I have favorite reporters. I even have favorite sections of certain news publications. But I don't have a favorite publication.
I have an RSS reader with feeds from all my favorite reporters, bloggers, etc. I suspect others are the same way.
Every time I go anywhere, I always ask people what their favorite source of technology news is. I am struck by how often they tell me that they simply have a handful of Google News Alerts on the topics that interest them the most and read whatever comes up that day. Press releases are considered very reliable, readers are interested in what companies say about themselves.
Readers have been empowered by the Internet and news organizations have yet to come up with the right business model to profit in the new environment. Those of us in public relations must hope they find a profitable model soon.