Journalism and blogging

Is blogging a form of journalism?
I see them as a subject commentary of the world around the individual or group posting the information. They are more informal almost journal like and often do not have the accuracy or sources that traditional journalism does. But is blogging the way of the future with information gathering...

James L. Horton has this to say about blogging and journalism...
One thing that blogging does not do is replace journalism as we know it. Journalism is a process of gathering, checking and distributing news that is above blogging. Journalists still provide a gatekeeper effect and credibility that opinionated bloggers do not. In fact, I believe editors should not allow reporters to have blogs on topics they cover to prevent charges of bias. (Columnists are different. They are expected to express opinions.) Journalism provides accuracy and deadline frequency. A blogger can do the same, but it is not the same unless there is an established process for receiving, checking then publishing news like Slashdot attempts to do (http://slashdot.org/ ) (http://www.online-pr.com/Holding/PRandBloggingarticle.pdf)