I think this is a reasonable position. In general, the media itself has convinced us of its importance and at times. Which it is, but I think that less scrupulous entities have abused this privilege to a truly distasteful and disappointing degree.
I agree, we often overlook that media companies are private businesses just like any other private enterprise. And like it or not, private enterprises have agendas agendas that typically involve increasing profits.
There aren’t a ton of incentives within the media industry for those companies to not act like purely capitalistic enterprises even though we expect them to.