But it does follow that they will not tell harsh truth's about capitalism itself.
That is an easy assumption, and one which had me flummoxed for many years. The truth is that journalists are just like you, feckless and arrogant. They think nothing of sawing on the limb they are standing on, not even thinking of the consequence if they actually succeeded. They, like you, want a utopia. But not a real, existing one of course--Utopia means "nowhere," and no existing dictatorship will ever suit as well as the "horrible" US.
Free, competitive journalism is anticonservative in nature--always has been, always will be.