This is not to say that no real news gets reported. Only that the presentation of that news is slanted -- from outright propaganda to slightly altered to not anger owners. We always need to know and understand who owns the major media in this country, because by knowing this you can better understand how the news is being slanted as it gets reported to you. There is a reason why the corporations have been able to slowly take over our government and pervert it to favor them. It is because they own the media.
To hear or read the media these days, one might think that whatever is good for corporations and Wall Street is good for all Americans. That is simply not true (and never has been true). It is good for corporations and Wall Street for jobs to be outsourced to low-wage countries, but it's not good for this country or it's citizens (because it causes high unemployment). It's good for corporations and Wall Street to get huge unneeded subsidies and tax breaks, but it's not good for the country and it's citizens (because it lowers revenues and increases the debt and deficit).
It is good for the corporations and Wall Street to keep wages low and restrict benefits, but it's not good for the country and it's citizens (because it keeps people in poverty). It's good for corporations and Wall Street to weaken and destroy unions, but it's not good for the country and it's citizens (because it hurts workers and shrinks the middle class).
In the years following World War II, corporations and Wall Street did very well in this country in spite of being regulated and paying their share of taxes. But they wanted more. They wanted a return to the years before the Great Depression, when corporate power was unrestrained and they could abuse workers to make not good profits, but obscene profits. And they were smart. They bought up the major media in this country, so it could no longer be used to illuminate their excesses. And it worked. Once they owned the media, there was nothing to keep them from buying the government.
And now we see the very thing that Malcolm X warned us about. The oppressed are demonized and the oppressors are deified.