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The latest UK research on 'trusted media' suggests that dedicated news websites are more trusted than newspapers: 55% to 38% http://www.guardian.co.uk/media/2011/nov/14/phone-hacking-public-trust?CMP=twt_fd
Again, I don't think this sort of research is that helpful, as trust tends to be based on a mixture of factors, including the particular source - one newspaper is more trusted than another, one website more than another; one friend on social media more than a stranger on social media.