That's true, but then again, CNN is a mere husk of its former self. Something needs to change, but maybe it's too late for profit-driven news media.
That resembles, to me, how newspapers used to be - except instead of a small fraction of people being willing to pay for quality news, roughly two thirds were (62 million subscribers out of 92 million American households in 1989 [1]). Like Bloomberg today, their incentives were to provide information for serious people and to cultivate a trustworthy reputation, rather than to enrage people into commenting and sharing articles.
The decline of newspapers is of course too much of a tangent, but I think it's interesting how the math kind of illustrates why most 'news' has to be trash now.
[1] https://www.pewresearch.org/journalism/fact-sheet/newspapers...
and https://www.census.gov/data/tables/time-series/demo/families... (Table HH4)
People seem to be focusing more on individual reporters, subscribing directly to good journalists who have gone out on their own. We are also seeing a thing that pleases me ver much: Reporters focusing on the subjects they are experts in and not doing a jack of all trades master of none. Its made me accept that I wont get top tier news in every subject so I have to pick what really matters to me(Tech, Food, entertainment, geopolitics of specific regions of the world etc.).
On the low end though its more bleak. TikTok slop, Youtuber "commentators" etc.
Makes me think of Neil Gaiman's American Gods