One quick snip from Buzzflash's interview with John Dean:
"In the aftermath of Watergate, the news media became highly vigilant of the presidency. Before Watergate, presidents were given the benefit of any doubts. After Watergate, they had to make their case, and quickly. But in late 2000, after the Florida election recount debacle, there was a collective mood change in the news media. While there are a few exceptions, as you mention, by and large, reporting has returned to its pre-Watergate status: Almost any news is more important than the potential of presidential failures or screw ups. "
[my emphasis -- Sid]
Why? Why this sea change? Or perhaps, the proper question would be "how"?
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