I think the simple answer is because they are scared of being smeared and having their lives ruined. However, as long as we want to live in free societies we need to support the freedom of the press, so to me, it's not really the government's role to stop them, it's ours!
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I am with you. I live in Venezuela, and one of the problems we got was when the government got too much power over media. Little by little, they were imposing laws that restricted the things that were allowed to say by the press, and when such laws were "broken", newspapers, TV channels and radio stations were shut down. Even international broadcasting networks were cut off air.
That was perfect for them because a huge part of the population didn't believe or had access to the internet (not banned yet), which made them believe everything the government said (until hunger and disease knocked on our doors and woke them up. It was too late then, though).
This just shows that the press holds more power in the country than any other organisation.