‘We can no longer trust the media.’ Is this a fair comment?

Argument Evidence
As people become inundated with information, the media has a more important journalistic role of fact-checking and truth-telling.StillFake news was being circulated about Hilary Clinton operating a paedophilic sex ring out of pizza restaurants in America. This even led a misinformed gunman to storm into one of the restaurants involved and fire a few shots. The media played an important role in debunking this fictitious conspiracy theory. The New York Times investigated the story and informed readers that the story was unfounded. 
The investigative role of the media is still highly trustworthy in this aspect.StillIn 2001 and 2002, the Boston Globe investigated and exposed sexual harassments of young boys and girls by Roman Catholic Priests, and how the state tried to cover up for the priests. The Boston Globe won the 2003 Pulitzer Prize for Public Service, for uncovering the scandal. 
The investigative departments, together with other journalists, are shrinking.RebuttalIn the past 15 years, more than half the jobs in the news industry have disappeared, according to a US Bureau of Labor Statistics. This is due to falling revenues in news agencies. Inevitably, investigative journalists will begin to shrink in numbers too. 
As the profit margin of the industry tightens, the media has become less reliable since media companies struggle to deliver high quality content.No longerEven renowned newspaper, the New York Times (NYT), has been publishing regular advertorials for ExxonMobil discrediting science behind climate change. These advertorials on the NYT frequently argue that more evidence is needed about climate change despite the long-established scientific consensus.[1]It was later found that ExxonMobil’s own scientists have long known about climate change and ExxonMobil intentionally used the media to mislead readers. 
Journalists today are being targeted by powerful forces, hindering their ability to report truthfully.No longerJournalists covering the ongoing drug war in Mexico are at grave risks. In 2017, a prolific journalist known as Javier Valdez Cardenas, famous for such in-depth pieces on “narcos” (referring to drug cartels), was shot dead with twelve bullets in his chest. 
  16 Mexican journalists have disappeared or been killed in 2017 alone, making Mexico one of the most dangerous countries on the planet to exercise journalism as a profession, according to Reporters Without Borders. 
Today’s media is much more concentrated in a handful of media conglomerates, limiting the diversity of opinions in the media.No longerComcast, the largest conglomerate, alone owns NBC News, CNBC, Universal Pictures, Dreamworks and Euronews. Its 2018 revenue was over $90 billion.
  In 1983, 90% of American media was owned by 50 different companies. Today, the same 90% is controlled by just 6 companies. 
As the media today has become more hyper-partisan than ever, its reliability is called into question.No longerNews agencies have become involved politically, leading some newsrooms to overly favour certain political parties. CNN and MNBC in USA are famously pro-Democrats while Fox is pro-Republicans. This has led to political bias in their reporting. 
The reality is that the media, with its tainted history of state control and sensationalism, was never a trustworthy source of information.Never to begin withThe Turkish newspaper, Zaman, was initially very critical of the President, Recep Tayyip Erdoğan. However, a government takeover in 2016 replaced some of the journalists. The paper switched its stance overnight and immediately began publishing a series of pro-government articles. 
  In 1987, the Far Eastern Economic Review (FEER), a weekly magazine, was forced to restrict circulation (from 10,000 copies to 500 copies) by the Singapore government after publishing an article about the detention of Roman Catholic Church workers.In 2006, the FEER was sued for defamation by Prime Minister Lee Hsien Loong and forced to close.[2]