A term coined by Gerald Celente and often used by independent journalists and writers in the alternative media in reference to journalists and talking heads in the mainstream media who give biased and predetermined views in favor of the government and corporations, thus neglecting their fundamental duty of reporting news impartially. It is a portmanteau of press and prostitute.
Let me tell you something Alex, as soon as the economy collapses the presstitutes will be clamoring for war to distract the American people from the domestic problems.
Either an individual reporter or news broadcaster, or a media news group, who reports to be unbiased, but is in fact tailoring their news to suite someone's goal (usually corporations or big business political affiliates).
The media is being accused of being a presstitute by many internet sites for downplaying Ron Paul as a GOP candidate in the 2012 elections.