I think that we’re headed towards a future where most mass media outlets will function primarily as propaganda for the larger corporations that own them. It’s getting harder for newspapers to turn a profit, but a big megaphone to spew propaganda that helps other parts of your company, that is something that can be very valuable, even if its own operation loses money. The Moonies figured this out a while ago, though I think they may have overspent (apologies for the self-link, I’m very proud of the post title there).
Maybe the future of pseudo-journalism-as-corporate-propaganda is already here. I noticed that the Washington Post editorial page has come out strongly against Net Neutrality, with both an unsigned editorial and a piece by a Republican FCC commissioner in the past few days. Turns out the Washington Post Company owns broadband provider Cable One.