It's why the MSM and New York Times are doing badly. The desire of a Publisher is to connect with the public in a real way - so the public will trust their product enough to continue buying or subscribing.
The goal of the 'journalists' is to get great clips and stay employed. A sane publisher thinks long term - the working journalist thinks short term. In the balance we get first rate newspapers.
Right now the 'journalist have 'won' and the monkey's running the zoo... That's why the system appears nuts from the outside.
Your analysis is interesting. And, I agree with a lot of what you say.
But, the core issue is that a handful of liberals CONTROL these media giants and that has to end for this country to do the 180 it has to do to avoid the cliff. One purely perfect example is that kid that took over from his dad at Comcast. What LIV’s hear to a large extent is controlled by this guy. Google Comcast ownership and read all about him. He answers to no board and is in complete control of the largest media empire in the US and he is an Obama lover from the jump! If I had time, I would look up his name for you.