"I missed the part where he made fun of the press"
Here's what he said:
"But the rest of you, what are you thinking, reporting on NSA wiretapping or secret prisons in eastern Europe? Those things are secret for a very important reason: they're super-depressing. And if that's your goal, well, misery accomplished. Over the last five years you people were so good -- over tax cuts, WMD intelligence, the effect of global warming. We Americans didn't want to know, and you had the courtesy not to try to find out. Those were good times, as far as we knew.
"But, listen, let's review the rules. Here's how it works: the president makes decisions. He's the decider. The press secretary announces those decisions, and you people of the press type those decisions down. Make, announce, type. Just put 'em through a spell check and go home. Get to know your family again. Make love to your wife. Write that novel you got kicking around in your head. You know, the one about the intrepid Washington reporter with the courage to stand up to the administration. You know - fiction!
Basically, he towed the DUmmie party line.
He wasn't going after the press in that section; he was going after the President and conservatives. Read it. It basically says that we want to block the press from telling people about how we torture prisoners and secretly wiretap citizens' phone calls and that we want to keep global warming a secret, yada, yada, yada. Old Media agrees with Colbert on those issues, and Colbert knows it. He also knows they're busily putting out their propaganda on those topics and is implying that we on the right would prefer they take a break from their "watchdog duties".