You may not be familiar with this site but it demonstrates how useful Twitter is as a news source.
At the top of the page it says "Unedited. Unfiltered. News".
It also explains that "Report.com is a user-generated site. That means the stories submitted by users are not edited, fact-checked or screened before they post. Only stories marked "On CNN" have been vetted for use in CNN news coverage."
You may have heard that Twitter was the first to report the plane crash in Amsterdam yesterday. This highlights it's use for the media and everyone appears to be raving that it is amazing, to a degree it is.