A media source, like the Washington Post, checks on the other 3 branches of government by informing the general public of the goverment's actions. This allows us, the public, to act accordingly. This by no means has a direct governing power, just the ability to spread information that the public may otherwise not know. The role of the media is an important one, because of it's direct communication with our government reps. It also allows for social change and acts as a protector of our individual rights as citizens.
Without media, it would be hard to find out what's going on with out government. I see it as politicians would have to have more public events all over the country just so they could keep the people informed. Back in the day of the original 13 colonies, it would have been a lot easier to do so. Now you have much more than that, and it would take up so much more time just to reach more people. Take Rick Perry for instance. For someone running for president, it would be impossible for him to reach out to a lot of people to be effective in the amount of time that's left before the 2012 elections. Without media, he would probably have to gather a large team of representatives spanned out across the United States to act out on his behalf. Talk about learning so much about another person, it's almost like knowing yourself!
With the quote made by former Speaker of the House, Tip O'Neal ("All politics is local politics"), my first impression was the fact that yes it is local politics. If you think about it, who makes up the politicians on Capital Hill? Politicians from every state in the United States. In all, they are representing (or supposedly representing) every citizen of this country. So yes, all politics is local politics.
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