I think it's the opposite. The headlines, style, and bias made the bullshit more obvious in the past. Now, there can be 10,000 "independent" sources peddling the same person's bullshit. Media consolidation means many of the news sources all come from the same few dozen companies that consistently bullshit. False information also travels fast in waves across social media but debunks don't per Facebook. There are also firms specializing in doing this with propaganda teams.
It's golden age of media disinformation. Also, with so many sources of low integrity, it's harder than ever for the average person to figure out what's true. Smart people can pull it off for many things but it's a lot of work. More work than many will spend vs turning to favorite channel, station, or friend feed.