I don't read it this way at all.
There are still fantastic journos all over the place. Now, you can find fantastic journalists at BuzzFeed -- they just aren't the ones writing the listicles. You can find fantastic journalists at WaPo and NYT, but they are a strict subset of all article writers at their institution. You can find entire media outlets which are largely fantastic journalists, such as ProPublica.
We've only lost the idea that all news/media writers on the internet are "journalists".
> We need someone to vet this stuff for us.
The world is more complicated than it used to be.
We need more media literacy of readers. In the past, there were media gatekeepers who were very educated and (debatably) ethical. But with the democratization of media, there are no fences or gates anymore so people simply bypass the gatekeepers.
The institutions of our world are changing. Not only the specific names of institutions and the new generation of people manning them, but altering what it means to be an institution. The "populist" movements worldwide (including the current Trump+Bannon / Bernie / Brexit / anti-EU, and the Arab Spring + similar revolutions against the entrenched powered interests) are eroding the long-established institutions. Media consumers feel the sand shifting between their feet and are afraid of all media and institutions right now. Some of these populist movements are using this fear of change and fear of media to their advantage.
And then again, a fantastic journalist is not the only thing you need. You also need to have editors to keep journalists honest and ethical, even in a time when news outlets have to compete with "free" by thinning their editor ranks and outsourcing "journalism" to non-staff citizens.
Anyway, going to the spartan, "facts only" seeming homepage of bloomberg was really a revelation to me. This is what news used to be like. Just a bunch of bland boring headlines. It made me realize, that angst I'd been feeling, reminded me of reading National Enquirer[0] headlines, in line, at the grocery store as a child. "Two headed dog gives birth", "Grandma from Michigan abducted by aliens, tells all!".
This is what the world has come to. We've lost the bastion of professional journalism. We need someone to vet this stuff for us. Strange new world indeed. I believe there is real danger here, to us and our civilization. See for example any quote from Goebbels[1]
Edit; Or Göring[2]:
> But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship.
[0] https://en.wikipedia.org/wiki/National_Enquirer
[1] https://www.goodreads.com/author/quotes/281832.Joseph_Goebbe...
[2] https://en.wikiquote.org/wiki/Hermann_G%C3%B6ring