News outlets make a fraction of the money they did 3 decades ago, people having previously payed directly for a newspaper. Now they basically have to rely on web page ad revenue and subscriptions which most people won’t sign up for since they can get the news for free somewhere else.

So news outlets understaff to cut costs, leading to more mistakes and less due diligence. journalists get under paid, so independently wealthy people have an easier time taking the positions and pushing personal agendas. And news outlets need outside funding to stay afloat, making them beholden to the interests of those outside interests.

So yah, the quality is worse, objectivity is down, sensationalism is up to drive clicks, and they’re pushing agendas and world views way harder than they used to.