I can see that. It's always been the case that news is selected by the station but it's still news.
24 hour media hasn't expanded coverage of news, they've expanded time dedicated to one news story.
Once you've reported the facts, what then? Do you fill the time with investigative journalism? Too expensive. Or maybe have the Anderson Coopers of cable news report on people's opinions then either argue about it or console them with sad eyes and tots and pears?