This article provides a discussion of some of the recent research on media trust focusing on arguments for why media trust matters. What are the arguments for why trust is important? Are there reasons to accept these arguments? We identify three distinct arguments in the literature. First, that it is important for media organizations and for the media as an industry. Secondly, that media trust is essential for democratic citizenship and for bringing forth informed individuals with the capacity for political engagement. Lastly, that media trust is similar to other forms of (social) trust and connected to a wider existential discussion on ontological security. None of these arguments are totally convincing when inspected more closely and in light of empirical research. The article thus concludes that there is a lack of strong arguments for why falling levels of trust in the news media are legitimately described as a crisis or a problem. A supposed “trust crisis” mainly exists when viewed from what must be described as a rather narrow ideological and normative perspective.