Well, a lot of tv these days seems to me like the gladiatorial games, so the latin for that or circus might work.
ANd a lot is ludicrous, so that fits too.
Maybe a phrase that combines these things rather than one word: sometimes ludicrous, sometimes dangerous, sometimes a fable.
ANd a lot is ludicrous, so that fits too.

Maybe a phrase that combines these things rather than one word: sometimes ludicrous, sometimes dangerous, sometimes a fable.