The argument for press freedom isn't that the press is some kind of benevolent entity (it isn't), but the sheer horror of state-only media.
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The media deserves far worse scrutiny and censure than it's already subjected to, but that's not the point of a free media.
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Like free speech, it isn't the particular blessedness of all speech (idiot notion), but the consequences of controlling it that matters.
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That there are media pundits getting talking time in major publications saying that we have 'too much' free speech... laughably evil.