It's interesting to see how traditional media tries to control how information flows, trying to control the perception, only to be foiled by how people share events among themselves.
The thing is, that many times the information gets distorted too by the people. Not that many people wants to distorted, but it gets distorted because it loses context. Mainly because people tends to focus on a single part of the information, losing the context that brings knowing the background on which events are happening.
At the end, we need to get our information from both traditional outlets and from social media. The traditional outlets are useful to get the big picture, to get the context surrounding the story we are interested in. From the social media we can get a better sense on how people that are directly affected, or involved, by the issue think and feel about what's happening.
In a way traditional media gives us the context, and social media gives us the finer details to better understand the matter at hand. The complement each other, and keep each other honest.
Relying to much on one or another is mistake, since we will only be seeing part of the story. We need to have as many sources as possible, so that we can better compare what we are told with what's going on. Placing to much trust on a single, or just a few, sources is the best way to be blinded or being manipulated to think in a certain way.
If we want the truth, we need to look for it ourselves. To wait for it, is to invite others to give us the information they want us to have.