The US had a bloody nose but the Vietcong were on the ropes.
I’d be careful saying that around anybody that was actually in the middle of the Tet. Of those that did come back, and are still living, many good, intelligent people are still suffering mightily even today as a result of that “bloody nose.” They don’t particularly care if the VC body count was a bit higher – ours wasn’t just a casualty or two (or even close).
The above, of course, in no way is intended to reduce your point about the reporting of the war, however. George Romney’s presidential campaign was stopped dead in its tracks because of the reporting – after he came back home from seeing it for himself, and made the “mistake” of telling the truth.