Time.com has an article up (interestingly it’s currently dated at August 10, 2009, which I’m guessing is the date it will appear in print) titled, Threats with Teeth. The article, written by James Poniewozik, discusses how the media focuses on media overkill and uses the media (over-)reaction to “minor shark attacks” in the summer of 2001, which the media dubbed “Summer of the Shark” as an example.
Poniewozik likens “living every week like it’s Shark Week” to dealing with our current media environment…
To live every week like it’s Shark Week, then, might be a metaphor for living in our media environment: to spend every week titillated by unlikely threats, getting whipped into frenzies, yawning over high-minded stuff like health-care policy and supping from the delicious chum bucket of hysteria.

Seriously, now, does this look threatening?
…that one-in-a-million chance of being done in by a primeval predator from the murky depths–that’s the threat with teeth.