There are generational changes happening that are pretty profound. Younger generations don't trust the traditional media the same way older generations did, and are increasingly skeptical of the narratives being peddled by the media.

There's nothing inherently wrong with being profit driven (although it's not without its problems), the bigger problem is, I think, being advertising driven. Which sets up an incentive of maximizing viewership with the least costly content, irrespective of quality.