Yes. in some ways it does. It has become an indispensible tool for journalist and candidates. There are increasing number of voters who are net savvy and always online and tend to stay and linger much more when they go to a certain blogsite. Either they read the post and make a comment or just look around. Consider this:
"A blog's not going to have the same reach as a Washington Post or USA Today or an AP article," said Cameron Barrett, a longtime blogger now with Wesley Clark's campaign. "But it does have reach, and people consistently go to online blogs to find information that traditional media ignore."
Case in point is Howard Dean's weblogs. Though the man has skidded in polls (and lost in Iowa caucus) he still remains one of the popular Democratic candidate for President. Thanks in part to his weblogs and internet campaign which gets a lot of hits a day.
Media's web journal and constant blog post have become a viable tool for political junkies who mostly turn to their blogs for news and articles and post we don't normally see with the traditional media.
There's a lot of journalist with web journals! Some news outfit and media company forbids their reporters to have blogsite though.
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