BigA, you're right. For example, NewsBusters links to Drudge stories quite often, as well as Huffington Post and other blogs. It used to be verboten to use another station's bite on your air, especially from a talk show and not a hard news item.
The only thing you probably won't see in the near future is one station's website linking to another station's website. You'll continue to see links to HuffPo, ABC/NBC/CBS, Drudge, and others, but probably not WBAP linking to KLIF.