The "makeup studio" thing turns out to be far less fun than it first appears to be

[Liberal In Texas]

3. Oh BS.

Makeup can help a bit and hide some wrinkles and blemishes, but it isn't as dire as that "...reality of television" paragraph.
I've worked in broadcast news for over 30 years. Anchors tend to be pretty vain and like to primp in the makeup area before a show, but if they skip the extra makeup they don't come out looking "...like some sort of monster." The networks that like to throw lots of money at things have dedicated makeup artists. It's probably where Trump got the idea to plaster his face with orange pancake.

Until recently I spent a decade as a videographer in the legal business and have done hundreds of video depositions with TV lighting and the subjects rarely ever go through a makeup session. And they look just fine on my HD camera.