It is true that “market forces” used to be somewhat tempered by cultural ideals around how news media was supposed to operate. Recent decades have seen an increasingly profit driven management as US media has transformed into a much more consolidated industry under the control of fewer and fewer corporations. The US media has always been “capitalist”, but it also has a history of at least giving pretense to serving the public good.
It is true that “market forces” used to be somewhat tempered by cultural ideals around how news media was supposed to operate. Recent decades have seen an increasingly profit driven management as US media has transformed into a much more consolidated industry under the control of fewer and fewer corporations. The US media has always been “capitalist”, but it also has a history of at least giving pretense to serving the public good.