Everyone is shocked at ABCDisneyESPN and the NBA censoring thought at news to benefit their Chinese masters. The Saudis owned a 20% stake in a number of US major media outlets. And they did shelve projects and news items critical of the Saudis or Islamists.
In the 1970’s almost every local TV station had a reporter assigned to the consumer affairs beat.
They have all disappeared. Because they were anathema to the Sales Department.
Your observations hold true.