Just watched this. It ends up being a waste of time. If you are surprised that anyone in government or business or media is pursuing their self interest instead of the common good then it may open your eyes about a third of the way. Otherwise it is worthless.
A rehash of the idea that the media is tightly controlled by a RIGHT WING conspiracy and that is how they "stole" the 2004 election. Every villain is a REPUBLICAN, every martyr a DEMOCRAT. It becomes impossible to view this as un-biased news reporting or even and attempt at it. This movie is guilty of the same group-think that they are complaining about.
If you hate news media ineptness, self-righteousness, opinion packaged as fact, and everything else this movie complains about and you want to take a stand against it, don't watch or buy this movie. Or at least be advised that it is a LEFT-WING sales pitch for, oddly, greater government regulation of media outlets.