Absolutely. Consumers want their news fast, sensationalized and slanted to their viewpoint, regardless of how much they might claim otherwise.
And when we talk about “the media”, that could technically include anybody with a blog, podcast, or Twitter account. We generally use the term to refer to large, mainstream news sources. Those media outlets are successful because they fill that demand better than anyone else. Unbiased sources won’t get enough viewers/readers to even be considered part of “the media.”