It is not the first time I have heard a local issue in the US by cited as a source of a global problem. I am fairly certain that Clinton had nothing to do with this global problem, he was president during a time were lots of things changed.
EDIT: The “world wide web” also played a major role in kneecapping the funding sources of journalism. But failing outlets could not simply be swallowed by conglomerates without the aforementioned liberalization of media ownership.
You are free to link something about consolidation and how that is bad and only because of Clinton. I think this is a case where your local situation makes it hard to understand.