I'm probably going to be downvoted for this but... Increasing the speed at which our news is delivered is not even necessarily a good thing. Please wake me when someone invents something that makes it more accurate and unbiased.
I think decentralizing the story so that it comes from a bunch of noninstitutional observers is a pretty good way to get rid of bias. I think it also helps make news more accurate, in the sense that, in the very short term, the accuracy of a story is inversely proportional to the time since it occurred, because people need time to piece information together, and Twitter and such make distributing all of the relevant facts happen that much faster.
Piecing information is what people do, whether they're reporters or not. Many reporters do great work, but we all need to develop the skills of detecting misinformation, rather than depending on a professional class to do it for us.