The concept has been around for a long time. It is the reason that we are supposed to have a 1st Amendment.
We do, but that Amendment never dictated the form that the press ought to take. If one political faction is evolved to be on the interwebs and another opposing one is evolved to be on the cable media, what do we do.
The snappiest, easiest to read media will grab the eyes of the laziest. The forefathers never had to ponder that situation.
But we have a worse situation in that faith in God has declined overall. Other faiths replace fading faith in God — such as faith in the superficial.