This is a rush transcript from "Fox News Watch," May 19, 2012. This copy may not be in its final form and may be updated.

JON SCOTT, HOST OF “FOX NEWS WATCH” (voice-over): On “Fox News Watch” --

(BEGIN VIDEO CLIP)

PRESIDENT OBAMA: Every day you receive a steady stream of sensationalism and scandal, stories with a message that suggests change isn't possible.

SCOTT: -- the president takes a shot at the media for only reporting bad news delivered with an agenda. But when it comes to the issues which really matter, where is the good news, and who is reporting it?

Was this good news? Newsweek claims Mr. Obama is it the first gay president.

Or maybe this was good news.

(BEGIN VIDEO CLIP)

JOY BEHAR, CO-HOST, “THE VIEW”: Which Kardashian was married for only 72 days?

OBAMA: That would be Kim.

BEHAR: Very good.

(APPLAUSE)

(END VIDEO CLIP)

SCOTT: Mitt Romney made some good news.

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MITT ROMNEY, (R), FORMER MASSACHUSETTS GOVERNOR & PRESIDENTIAL CANDIDATE: I want to make it very clear that I hope our campaigns can respectively be about the future and about issues and about a vision for America.

SCOTT: The GOP favorite shooting down a super PAC's plan to go negative on the president's past dealings with Reverend Wright. How did the media react to that?

Newly released evidence in the Trayvon Martin shooting case gives credibility to George Zimmerman's story. So are the media covering that?

(MUSIC)

SCOTT: With millions and billions to be made, Facebook goes public with its super-hyped IPO. Did the media coverage create the frenzy?

And how did Mr. Sunday fare on "Jeopardy."

(BEGIN VIDEO CLIP)

CHRIS WALLACE, ANCHOR, FOX NEWS SUNDAY: Washington, D.C., for $1000.

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SCOTT (on camera): On the panel this week, writer and Fox News contributor, Judy Miller; radio talk show host, Monica Crowley; Jim Pinkerton, contributing editor, the American Conservative magazine; and political commentator, Sally Kohn.

I'm Jon Scott. “FOX NEWS WATCH” is on right now.

(BEGIN VIDEO CLIP)

OBAMA: No wonder that faith in our institutions has never been lower, particularly when good news doesn't get the same kind of ratings as bad news anymore. Every day you receive a steady stream of sensationalism and scandal, and stories with a message that suggest change is impossible, that you can't make a difference. That you won't be able to close that gap between life as it is and life as you want it to be.

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SCOTT: President Obama on Monday delivering a commencement address to graduates of Barnard College, telling them not to trust the media.

Jim, he sounded like a president who thinks the media don't love him.

(LAUGHTER)

JIM PINKERTON, CONTRIBUTING EDITOR, AMERICAN CONSERVATIVE MAGAZINE:  And he's telling them to ignore what's going on in Europe, ignore 8 percent unemployment, just listen to me and be happy.

You know, it is pretty astonishing how the president can complain about things like that when Romney, you know, gets kicked around over something he had nothing to do with, this Rickets super PAC add and, meanwhile, The Washington Post doing its part to help out to help out here, has a headline on Friday, Romney continuing with hedge fund allies. Again, this guy is an ally. This guy is some guy doing this, and they're working Romney into it as much as they can. That's typical of what they do and see something happen and they say, well, the guy’s innocent, but there's still that controversy surrounding him.

SCOTT: Is the president upset with the media coverage because he's not getting good coverage or because there isn’t a lot of good news out there?

JUDY MILLER, WRITER & FOX NEWS CONTRIBUTOR: I don't see how he can be upset about the way the media covered him.

SCOTT: He got the cover of Newsweek.

(LAUGHTER)

MILLER: I mean the gay-lo cover, as Huffington Post calls it. He gets astonishingly good press. But I think he's just decided that should the Republican conservatives be able to beat up on the media? I'm going to do it; too, maybe it’ll work for me even more than it's already working.