This appears to be correct. Most media outlets now are activists pretending to be journalists, run by businesspeople who care about revenue more than truth.
None of this is new. It's way overamplified now, and everyone cries censorship and fascism when it suits them.
I'd like many many more Clay Shirky style analysis of print, broadcast, and social media, followed by a 100 crazy notions for novel NPOV organizations.
The journalists are the activists.
The managers and owners are the businesspeople.
Their motivations are very different but their incentives are aligned.