"Hornbeck, I'm getting tired of you. You never push a noun against a verb without trying to blow up something."
--Henry Drummond (Inherit the Wind)
People who have had a subject that they know something about covered by the media are likely to agree with Hayek. Journalists, being one type of intellectual that traffics in ideas, are prone to be rank amateurs in the subjects that they cover.
Journalists have presentation skills. They tend to have little content skill. As such, journalistic coverage is prone to error and incompleteness.
It is also prone to bias. Lacking deep smarts in the subject matter, journalists will be prone to lean on their view of the world to fill in the holes.
The resulting product is therefore likely to be slanted.