media - Convergence in practice

Elizabeth Osder finished with a rather solid speech on convergence of the media her two-year stint at the USC Annenberg School for Journalism and rightfully showed off with the result of her students, that was applauded by the attendees. This is how online media can work and where journalists can show we can add value to what to often is limited to the personal ramblings of the relative elite. Giving a voice to the people is an important task.
My main worry is how this kind of products would be financed. Apart from the big media, very few could actually afford to make this kind of productions. In that way is weblogging in fact a rather elitist activity (although the costs are much lower). Nothing against those elitist activities, but it should not be limited to that very literate few.