It really isn't a conspiracy anymore. It's more like a statement of fact. Media in the traditional sense, just pure and simple, isn't what it used to be in more than one way. Maybe it's the people tweeting the news instead of articles that change governements now (not that i'd want that, but meant as in the expression).
I'm pretty certain the watergate scandal would never have ended the way it did, if it happened in 2013. It would just be dusted under the rug, and a retroactive law passed through to legalize the offense.