[wubrr]

You're ignoring the role of the state and intelligence agencies in shaping the media and what's reported. If you look at any war, conflict, theory about adversaries, etc. - the news in Western (and equivalently any other region) mainstream media is almost always completely aligned with the government positions and the position of the 'intelligence community' (CIA/NSA). So, yeah media/news is strongly driven by profit, but the ability for the organization to exist and continue to make profit is very dependent on having the right political alignment/spin.