Yeah that’s basically what I think it is. When I’ve watched news shows with conservative friends, we all recognize that Fox News is retardedly biased, we all find biased things in CNN, we all usually think that network programs are pretty good but occasionally have biases in both directions, and they often think MSNBC is biased and I sometimes do. As for the commentators, not the news peoples, obviously you have representatives of all stripes on all the news channels, including Colmes on Fox and Scarborough on MSNBC, although frankly I don’t think CNN even has a liberal commentator that I can recall off the top of my head.
Newspapers are also a lot more split than people like to make out. Probably the two biggest US newspapers are the NY Times and the Wall Street Journal, one of which is considered liberal and the other conservative. But even the Times, in the run-up to the Iraq war it was effectively a mouthpiece for the Bush administration’s talking points. And the 2nd tier in famousness are probably the Washington Post and Chicago Tribune, again, one of which is liberal and the other conservative.
While liberal radio is growing, conservatives still dominate radio in pretty overwhelming fashion, in terms of listenership at least. And it’s pretty hard to pin down the internet because it’s just a reflection of who goes on the net, so while there are more liberal sites, the site/blog and readership count mostly just reflect the persuasions of the people on the net.
Again, while it’s true that individuals working at news media outlets skew liberal, you have to remember that the people who really call the shots skew conservative, all of them skew towards controversy and crap, and all of them are building up the belief that they need to report sides of things instead of facts. I think this tends to balance things out, or at least to make it so that the various sides to things get catered to in some way or another.
Edit: I don’t really think the media is overall fair and balanced, but I do think it’s balanced in that there are enough biases and opinions presented nowadays in most sources so that a balance gets worked out. I don’t think this is necessarily fair, because fair I associate with real facts being reported. Like, Fact: Sarah Palin is monstrously unqualified for the position she’s been nominated for. But the media doesn’t say that, they bring on two people, a Democrat and a Republican, and they let them argue whether Palin is qualified. Balance, but not necessarily fairness.