Yeah, news media is, for the most part, at best sub par and at worst actively harmful.
A big part of it is the fact that the news is for-profit. They're giving us the stories that sell ad space, which are not always the stories we need to hear. And what with the internet making it harder for them to monetize what they do, they're getting worse and worse about it. Some folks think or hope that the internet will inevitably give way to a new and better way of disseminating professional news stories. I'm not convinced of that, I think that it'll still require a conscious effort to bring something like that about, but regardless we are in a bit of a transitory phase where we're still trying to figure it out and everything is kind of sucky.
Nationalized news services aren't a perfect solution, but privatizing the news hasn't made news agencies any less susceptible to bribery, bias, or falsehood, and at least a public news agency would mean less sensationalist plane crap.