Not entirely true. The press is given a lot of leeway and freedom to criticize the government, be a guardian of the public interest, and made almost untouchable in order to do those things. In return, that carries a great burden of responsibility to honor that trust and serve the public by reporting news honestly instead of manipulating it to further an agenda or sometimes their own self-interests. Not much different from an individual. We have freedom of speech and our government is supposed to bend over backwards not to infringe on that right, but we also have a responsibility to not use it to maliciously cause harm to others or the public by shouting "FIRE" in a theater, falsely accuse anyone, or slander someone.
With great power comes great responsibility. Much of our press has abdicated that responsibility and no longer serves the public interest with character, honesty, or anything else worthwhile.