The obvious argument that it does might center on the way that entertainment media focus on entertainment over all else and the way this has bled into news and other things that have to mimic their behavior or risk becoming irrelevant. So news stories have to now fit the same incredibly short and shocking nature of entertainment media. The argument could also focus on the way entertainment media has put screens into every place possible, in front of children and in schools and everywhere.
The arguments that it doesn't are also relatively straight forward. It is irrelevant, people turn to it for entertainment, not for news or important information. It provides relaxation, stress relief, is an industry that employs thousands and thousands of people, etc.