From Gigaom:

There were a number of panels at the Web Summit in Dublin this week that talked about media and journalism, but the one that included VICE News, Time Inc. and Storyful was the discussion that has stuck with me — mostly because of a comment that Storyful founder Mark Little made about the paradigm shift that we’ve seen over the past few years involving real-time social media or “citizen journalism.” Among other things, Little said that “authenticity has replaced authority” when it comes to news, and especially what journalists like to call breaking news.

That makes for a great sound bite — you can tell that Little used to be a TV correspondent before he started the company — but what does it actually mean? For me at least, it means that many people (not all, of course, but many) are willing to pay more attention to sources of information that they believe are close to an event, rather than to traditional sources of sober, objective second-hand or third-hand information. In this scenario, Twitter and Facebook and Instagram and Snapchat are the platforms that stand to gain, and traditional media like newspapers or even television mostly lose.