I worked in the news business for years. Back in the 80s, the accountants took over and reporters and photographers were no longer considered assets. They became expenses. Management cut back on both to the detriment of the only thing local media had to sell - local news. After digital photography became good enough, newspapers began taking submissions from the public. In one town where I lived, the paper actually solicited photos from the camera club. The amateur photographers were thrilled to appear in the paper and never thought about getting paid. The papers were able to lay off more photographers.
And this is the story that's been repeated at outlet after outlet, for literally decades now.
Media owners have destroyed any value in their properties...and now wonder why audiences are stampeding for the doors the second they have options (they never did for years). Well, if the owners don't believe in the value of what they produce, why would anyone else??
Eric Rose makes a good point - there's some great people working (still) for media outlets, but they're now doing 2, 3 or more jobs -- no time for deeper institutional knowledge or effort with that scenario. Many outlets just don't have nearly enough people to do what audiences want them to do - dig deeper, produce material no one else is, and really reflect their communities on a deeper level...clickbait and cute puppies are cheap and less effort to do, so that's what we get. And the stampede continues.
The maddening part is greedy conglomerates here, having burned through their own money from decades of poor decisions, now look to be getting public money from the federal government...crying 'poor us' and bellowing about how invaluable they are to democracy and the public good. Total bullshit, their views on the public good were made clear when they decimated staff levels and awarded themselves bonuses instead. Disgusting con artists, all of them.