I assume you mean as long as that information is verified from credible sources. One problem with media is there is strong competition between each other. They are always trying to out scoop the other with so called exclusive information. Many times that information is incorrect but that doesn't mean the public knows that. They believe it to be true and react to it accordingly. There has been numerous instances of this in regards to this case.
Even the U.S. and other countries fall prey to this at times when reporting developing stories.
While that is true that the "Breaking News" phenomenon has really killed the spirit of journalism, but even so, the people should be wise enough to distinguish fact from fiction.
As long as the media is giving out news, and opinions of news makers (and citing them as their opinions only) then they have done their job properly. However if they do something like "So many people believe xyz, so abc must be true". Thats where it gets yellow.
Barring Op-Eds the leading media outlets are still using words like "allegedly" and "suspect". The media-cry that is being associated to them is mostly a reflection of how the situation on the ground is in Pakistan.
Think about it, there are so many things being speculated and if only one of them is true, it will change Pakistan completely.
1) America may be involved in terrorism in Pakistan
2) America may be involved in assassinations in Pakistan
3) Our government may be working in cahoots with America against Pakistan
These are things that people in Pakistan want answers to. By taking him off, through immunity, you'd be cementing the suspicions further. If he's an IT technician then there should be plenty of evidence. If he's on a business visa, he must've conducted some business (hopefully IT related), if he was at the ATM, he must've been captured by the ATM spy cam (no comment has been made on the ATM cam picture), if he was carrying weapons he must've been authorized to do so by someone in the Embassy
The case can be fought to defend him easily. Nothing has been concocted up against him. Media is following one lead after the other as it should.