Being in media myself I can verify: 35 years in the biz, I've seen this biz sway elections, both ways. It has a sense of allegiance to itself, not the public. It certainly has no allegiance to truth unless it's convenient. What is a convenient truth? Distortion.
You know who the Woodward and Bernsteins of this age are? Bloggers. Talk show hosts who actually do more news than any other news source. Libertarians. The men and women who serve our country. Men and women of the cloth who understand they have a responsibility to the just laws of God and man. Atheists who get that equality can't be political. Regular, ordinary people who know the score and find the result in everything eroding. Individual scrutiny speaks for truth.