All business functions, as well as printing, design, editing etc. have been eliminated or outsourced. Mid-size local newspapers are a scant shadow of their former selves, full of filler and national wire articles from USA Today, NYT and other major metros.
Television news has always primarily been fed by newspaper reporting. Without the depth and breadth of reporting that once was available for television to narrate and play some b-roll over (and with the advent of news as 24 hour entertainment source,) most television news is built on tiny nuggets of new information surrounded with pundits speculating about what things might mean, or what might happen.
Without robust local journalism, no one is covering your local county board meeting, that controversial school board meeting. No one is calling these people and asking them hard questions about their stance.
Social media seems to be filling the gaps, but in my opinion it's filling the gaps with vitriol, opinion, misinformation and a general sense of helplessness, instead of a sense of authority that speaks truth to power and shines light in dark corners.