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From the blaming of Princess Diana's death on news photographers to the public apology by CNN over its erroneous Vietnam-nerve-gas story, journalism and the American media in general are being placed under the microscope. The media-now more powerful than ever before due to computer advances, cable television, and the internet-controls our opinions, tastes, and, as some would have us believe, our actions.

But has the media shed its ethics and gotten completely out of control? Has the quest to...