Check out Learning from the Election, from Victor Davis Hanson.  He has his usual insightful observations, with his media commentary in particular of note:

Without Limbaugh, Hannity, Fox News, the Drudge Report, the conservative blogs, and the conservative dailies and magazine, the conservative cause would be lost. But with that said, do not quite believe the mainstream media is dead because the New York Times or Washington Post is nearly insolvent or the print version of Newsweek will shortly be defunct. The fact is that the liberal press is insidious. The worst network news anchors still have larger ratings on most nights than does The O’Reilly Factor. NPR, with 900 stations, draws more listeners than most right-wing talk hosts. It does not matter much that no one watches MSNBC if they watch NBC. It matters nothing that Air America went broke without an audience. When you tally together the cultural influence of the NY Times, Washington Post, NPR, PBS, CBS, ABC, and NBC, and then consider the slant of a USA Today or People magazine, it all adds up. Worse perhaps are the biases of AP, Reuters,Bloomberg News, Google, Yahoo, and the other wire services that feed supposedly neutrally reported news to local affiliates that ensure their prejudices are aired as disinterested information. Don’t forget the influence of the hard-left British and European presses. Conservatives are gradually catching up, but for the foreseeable future they have a real problem: slanted liberal news is still passed off as Walter-Cronkite mainstream apolitical news, and conservative alternatives are dismissed as shrill partisanship — and lots of clueless Americans believe that. When an author appears on Fox, he is dismissed as rank book plugger; when he goes on NPR’s Talk of the Nation, he is a literary figure. That the mainstream media was shamelessly partisan meant a 3-4% edge for Obama that was hard to erase.