There is too much news to cover the slow way exclusively.
No. There's too much irrelevant celebrity bullshit and unimportant fluff to do that, but that kind of "news" is designed to distract, not inform. Only cover the important issues and there's plenty of time.
As to this all being corporate media's fault... can you give me a counter non-corporate media example that is better?
Any comedian (and yes, I realize what that implies about what a fucking sad a state of affairs we're really in). In particular, John Stewart, Steven Colbert and John Oliver are infinitely more informative than any allegedly-"actual" "news." And I mean "infinitely" literally, by the way -- measuring the valuable insight of, say, Fox News is like dividing by zero.
For example, John Oliver devoted an entire half-hour to government surveillance, including an interview with Edward Snowden where he (humorously) distilled these privacy issues into terms the general public would understand. I'm fucking appalled to have to say this, but that is many orders of magnitude better journalism than I've seen from any of those pathetically worthless toadies who actually call themselves "journalists" in decades.
And that's not even all! If you look at Youtube's autoplay list for John Oliver's videos, it appears that just about every goddamn episode covers an actually-important issue (civil forfeiture, the wealth gap, crumbling infrastructure, police brutality, net neutrality, etc.) and does it better than anyone in the mainstream media has managed since Walter fucking Cronkite!