Is blogging anything more than 21st century CB radio?

Online Journalism Review
When asked if he’s going to start a blog, New York Times technology writer John Markoff tells people: “Oh, I already have a blog, it’s www.nytimes.com, don’t you read it?” Markoff tells Adam Clayton Powell:  “It sometimes seems we have a world full of bloggers and that blogging is the future of journalism, or at least that’s what the bloggers argue, and to my mind, it’s not clear yet whether blogging is anything more than CB radio.”
> “Ten Things Radical about the Weblog Form in Journalism” (PressThink)