There was a hilarious article a couple of years ago (it was either in "Inside the Vatican" or "Catholic World Report"). It took a particular example of MSM coverage of the Vatican to show how off-the-wall, inaccurate, and agenda-driven it was.
The example involved then-Cardinal Ratzinger, who made some rather innocuous remarks tying "assisted reproduction" technology back to eugenics and mentioning circumspectly that the philosophical viewpoints -- rationalism and utilitarianism -- underlying those things were the same viewpoints that formed the basis of certain ideas popular in Europe in the 1930's. (He didn't use the word "Nazi", IIRC.)
It went through about three newspapers before it was clear that they weren't reporting what Ratzinger had actually said anymore.
By the time the story got to Australia, the headline was something like "IVF COUPLES ARE NAZIS, VATICAN SAYS".
Draw your own conclusions.
No WAY. The media ain't trustworthy? You mean that when Dan Rather told me he had documents about evidence about Bush and the National Guard he wasn't being truthful?