Here's a shocker, to all the others who have posted here. The answer is a qualified yes. The information is usually the best we can get at the time. Sometimes, a station will interpret facts, and that should always raise alarm bells. However, in the end, everyone is entitled to their own opinions, but not not their own facts. The problem of Media Bias comes in when the producers choose what facts to report, out of many possible facts. In the U.S.A., an informed person still has to pull his information from multiple sources, to prevent this sort of omission.
Yes, we will get a fact wrong, from time to time. This is because we have strict deadlines, and most newsrooms are staffed relatively lightly. It happens. Every journalist does their best to prevent this, when they can.