Accurate. Agreed. And a completely fair business decision. We all have bill to pay.
Unfortunately, they (wrongly) continue to sell this new version of their craft (?) as journalism. The masses buy in - confirmation bias is a powerful force - and we are today exactly where we should be: Truth is fluid. Editorial is journalism. Everyone - blue, red or orange - gets hammer their facts into their echo chamber. Etc.
It's important to realize that there is no democracy or democratic process without a health and proper Fouth Estate.
Btw, Tali Sharot's "The Influential Mind" is a great read on the subject on influence.
Edit: their to there. with to without.
That said, I'd like to suggest a book. "The Influential Mind." Long to short, there's more to influence than objective facts.
In the USA, I'd be more ready to place more blame on the binary political parties, as well as the mainstream media. The internet will eventually greatly reduce the power and influence of all three of these. What we're witnessing now first-hand is these three power-holders collapsing and screaming "But...But...we're still very relevant. Look! Look!! You need us to protect you from 'them'" (with 'them' being one of the other power-losing enties). All three have become terribly efficient at using hype, hyperbole and divisiveness as means to "proving" they still matter.
For more info on these concepts see "The Influential Mind" by Tali Sharot.
While she doesn't do a direct take down of media, social media and politics, it doesn't take a genius to read between the lines a bit and extrapolate her science onto the current state of things.
1) You might be interested in the book The Influential Mind. While she doesn't come out and say it directly, the bizarre state of our digital lives (i.e., social media) has quite a bit of reasonable (scientific) explanation.
2) The irony of the homogenized "wisdom" is that these same entities are personalizing so much that the shared / collective experience is being diminished. Perhaps it's easier to build mono-minded on top of a disheveled and disorganized foundation?