Mark this date on your calendar: Feb. 11, 2005. This was the day when the nation's big-time media finally realized they don't own exclusive rights to the First Amendment. And they are not happy. On Friday night, CNN chief news executive Eason Jordan resigned, pursued by a band of bloggers intent on finding out whether Jordan really accused the U.S. military of murdering journalists in his talk at the World Economic Forum in Davos, Switzerland. As long as old-media institutions react to the blogosphere with such contempt, they'll never be able to understand what is going on. Indeed, the old-media...