“Traditional media”, sure, but the question as posed was about the media.

Craigslist and the New York Times website probably did more to harm the profitability of newspapers around the country than any FAANG company, and there’s no shortage of new websites claiming to report the news.

Tech is the media’s biggest supporter, but maybe not the media that you grew up with. What’s driving down the price of news isn’t tech, but the new forms of competition tech—big, small, medium, XL, etc.— enables.