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I'm not sure that comparing a blogging platform vs one media outlet in the 1st graph, CNN vs Blogger is entirely fair. What would be great would be to put a specific number of media sites up against the blogs in that genre etc
Put another way... do you think any of the major media outlets might now wish they approached the blogosphere a bit differently (i.e. perhaps becoming a platform)?
However they are limited to what sells. A blogging platform has a wide open canvas and can cover whatever they like.
I think CNN is a platform.
I think looking at the comparison is very similar to the comparison of new media and old media.
You have to open your mind to see the comparison.
I do totally agree with the message behind the graph. Not only have I found myself following news on Twitter and analysis on blogs, but I also work for a magazine publisher, so I'm aware of both sides.
I think the next period will be interesting for most major media companies, as realisation and changes always take a bit of time in large companies