The story so far
The Columbia Journalism Review seems to think the media is failing in the lastest race to the White House:
While candidates have changed the way they approach the media, the media have not changed the way in which they cover the candidates. The press is simply unprepared to deal effectively with the new speed, volume, and deceptiveness of this campaign. Individual journalists, faced with constant deadlines, rarely have the time or resources to check the truth of candidates’ claims, particularly in their first reports. The pseudo-objectivity created by “balancing” one half-truth against another does nothing to help voters make an informed choice. Instead, since candidates know they are much more likely to have their misleading spin repeated than to have it debunked, it is easier and more convenient to simply say whatever they think they can get away with and move on.
Go read.