PJnet offers a nice summary of the latest dialogue between the NY Times‘ editor Bill Keller and BuzzMachine’s Jeff Jarvis.

Here’s a quote from Keller:

…I regard the blogosphere as both a treasury from which we draw ideas and information, and a stimulating bull session where our work lives on. It’s only natural that in the blogosphere, a medium with a very low threshold, you find a lot of self-indulgent nonsense, misinformation, propaganda and paranoia…

Perhaps this Ward Churchill debacle would be an example of what Keller would call “mininformation, propaganda and paranoia.” But, the beauty of the blogosphere is that it’s self correcting. Look at how quickly the truth about Churchill’s comments were uncovered.

This contrasts starkly to the mainstream media. Opensource journalism is a beautiful thing.