Sure, it would be nice if the media would, as Bill Maher urges, "calm down." But, you have to remember the "frenzy" is what many platforms – across the political spectrum – live for. They want the craziness, and the violence, and the disasters, and the pandemics (Hello; H1N1, Ebola, SARS, etc.), because it equals ratings. They need eyeballs glued to televisions, or newspapers, or computer screens in order to make money.
The panel shows found on many cable news channels are much the same. They'll tell you what happened, or what might happen, then turn to a group of "pundits," to tell you what to think about it. And, it's usually only a matter of time until one of these people makes some outlandish statement or prediction meant to stir up the masses – the truth be damned. This is, of course, meant to ensure viewers will tune in to see what they'll say tomorrow.
Instead of – or perhaps, in addition to – the media changing how they do what they do, I'd prefer we foster more people who have been taught to think for themselves; who can take in information, process it, and come to their own rational conclusions.