I know that’s true in the US, specifically. The FCC abandoned the Fairness doctrine, and Citizens United v. FEC removed even the semblance of a barrier between the capitalist class and the political machine. Now most corporate media outlets pretty nakedly align themselves with one of the two political parties. But since both parties always ultimately answer to the capitalist class, these changes are largely cosmetic. It’s still a bunch of kayfabe in a rigged game.