When news organisations throw all their live coverage at one event, thus making the event more dramatic than it actually is.
Raoul Moat standoff on BBC and Sky News (UK). BBC reporter Jon Sopel took a mobile phone and interviewed an eyewitness live, with a mic next to the speaker, and reporters attempted to outdo each other, creating a newsgasm.
by newsgasmnfan July 09, 2010

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