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While there is a large population that has come to believe that the old media will eventually die down, Arianna Huffington (who recently raised funds) sounds pretty contrary to it. She opines that two are set to have a positive impact on each other as traditional journalists tilt their tradition to modernization by switching over to blogging and the bloggers continue to gain credibility. She said in an interview to Reuters ahead of the launch of her book "The Huffington Post Complete Guide to Blogging":

There’s this real convergence, where basically you found that the best and most accurate rose to the top, whether it originated from Time magazine or from Nate Silver’s 538.com, which did not exist before the election….

From her book’s introduction:

The vast majority of mainstream journalists head in the direction the assignment desk points them. In contrast, bloggers are armed with a far more effective piece of access than a White House press credential: passion.