Interesting. That means that the media gives its audience what they want to hear, because of $$$$
Exactly this. The media is like every other business...they make money or they go down. Most media companies are public, which means they make LOTS of money and pay their shareholders big-time, or they (the board/management) gets replaced.
They cater to the audiences that will make them the most money...modifying the content to attract the most audience...and in today's data and tracking driven world...they know what's working in REAL TIME, and adjust accordingly.
Intense bias and stupid stories gets audience...LOTS of audience...not only from the folks that ARE that biased, but from moderates and other directional biased types that pass the (click/article/show/website/etc) around and argue about it.