Google’s Schmidt: 
“... major media outlets will report less and validate more…. In fact, the elite will probably rely more on established news organizations simply because of the massive swell of low-grade reporting and information in the system.”

http://techcrunch.com/2013/02/02/googles-schmidt-twitter-can-no-more-produce-analysis-than-a-monkey-can-type-out-a-work-of-shakespeare/ 
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