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RVDondaPC said:
There is no benefit. Close elections mean a lot more money being spent on advertisements by both sides and it means more eyes will be watching, which also means more money for those ad spots.

Yes! The media definitely wants close elections because of ad-buys. Close elections generate more money spent by both sides, and campaigns are going to shoot for tv ads if they can afford it. They're expensive, but they work. This holds for most "big" elections (president, US Senate and House, state governor). The further you get from national elections, the less likely you are to see tv ads because of how expensive they are, so you probably won't see many tv ads for local offices.