From the Washington Post:
Mr. Bradlee called reporters “the best lie detectors,” and nothing mattered more to him than exposing the truth, even if it took a long time. In his own account, the Vietnam War and then Watergate marked a crisis of confidence in American society, brought on by leaders who did not level with the people. In the Pentagon Papers, excerpts of which he published despite government threats, Mr. Bradlee saw proof that the American people had not been told the truth about decisions made to escalate the war. Then came Watergate and his determination to find out what really happened. He was outraged at President Nixon’s behavior. Nixon “lied over and over again with intent to deceive the American public and thereby save his ass from the consequences of his crimes,” Mr. Bradlee wrote in his memoir. The newspaper won global recognition for coverage that led to the president’s resignation, but the lesson for journalists was in Mr. Bradlee’s fusion of doggedness, fearlessness and professionalism.
To the extent that the above passage was true, it is certainly not true anymore. When Bradlee ran WaPo reporters were not highly-paid celebrities. Journalism was a blue-collar job. Journalists didn’t socialize with politicians, and they didn’t alternate between getting paid to report the news and getting paid to spin it.
Journalism is dead. It is ironic that so many current faux-journalists were inspired by the investigative reporting of Watergate because if Watergate happened today they would be complicit in covering it up.