It's an agreeable assessment that "the media" suffers from accuracy and bias in its reporting. Being that humans are involved, that's unavoidable.
But a couple of things should be considered here:
* Intention
* Degree
* Impact
Intention is a core element of assessing "crimes", with homicide being the most serious one of all we factor it out into: accidental, intentional but clouded by mental conditions in the heat of the moment, and pre-meditated. This is a reasonable metric to apply to the crime of "misreporting" as well.
Degree is likewise to be noted, where it can range from lost nuance to outright lies.
Impact is also a concern if it is a concern. A news article that compels people to randomly attack their neighbors is more of an issue than one that tempts you to buy a new snack.
And most importantly of all: "the media" is not a singular entity and they vary strongly in their veracity and scope, as well as their agendas. Some are at their core intending to serve the public, others are a business to sell advertising, and others are literally propaganda outfits to serve vested interests (e.g., Fox News was created to be the PR arm of the GOP -- this is a fact and not conjecture).
So yes, the NYT can get things wrong (like the lead up to the Iraq invasion), I trust them more than Fox News (which destroyed a community by spreading lies about their new immigrant neighbors eating people's pets).
Hope this helps!