Frank Rich nails it:

What’s missing from News is the news. On ABC, Peter Jennings devotes two hours of prime time to playing peek-a-boo with U.F.O. fanatics, a whorish stunt crafted to deliver ratings, not information. On NBC, Brian Williams is busy as all get-out, as every promo reminds us, “Reporting America’s Story.” That story just happens to be the relentless branding of Brian Williams as America’s anchorman – a guy just too in love with Folks Like Us to waste his time looking closely at, say, anything happening in Washington.

Even NPR. I woke up the other morning at 6 and Morning Edition’s lead story was Martha Stewart (not Sudan, Lebanon, Iraq, the dollar’s ongoing meltdown, or any of a number of domestic issues).