I will let this passage explain perfectly my thoughts on MSM’s failures:

Fairness and balance are appropriate goals for journalists. But being fair to sources and providing balance among them should not outweigh the need to be fair to the readers, and to the facts. And balance should not be reduced to giving various points of view equal time or space in a story. It ought to mean that truth gets treated like truth and lies get treated like lies. If you’re going to lose audience anyway, why not take a stand for something on the way down? Maybe that’ll inspire some more readers to stick around, too. Or even to take a fresh look at their local paper again.