“My guess: because self-indulgent wallowing in hysterical gloom is more fun.”

Nope, that’s only half of it. The left-wing dominated media outlets perceive our current economic challenges as the perfect excuse to justify a power grab by their elitist allies. And there is something else that cannot be ignored: Barack Obama and the Democratic Party are more likely to turn these media corporations into non-profit organizations legally entitled to tax payer subsidies.