The standard bleat about television news is that it has become entertainment, and that the audience is too inured by exposure to the media to know the difference between entertainment and reality anyway (a snob's argument that depends on viewing most people as morons). It seems much more insidious than that. Anchors and reporters seem like the ones with no sense of the reality of the events they talk about.
Salon's Charles Taylor on why most tv anchors are self-parodying.
(salon.com click and watch ad first for non-subscribers)