No--"Watching TV" is about the massacre at Tiananmen Square. The "yellow rose" is presumably a student involved in the protesting, whom he saw die on TV. He is speaking about the POSITIVE power in TV (a rare thing on that album)--that he was so affected by the deaths so far away, that so many people grieved together.

__________________
"And with these words I can see
Clear through the clouds that covered me
Just give it time then speak my name
Now we can hear ourselves again..."

WrightSatellite #1