But is it a good thing?
A free press can be thought of as the sensory organs of the polity. If the sensory organs are faulty, or worse are deliberately lying, then alternative sensory organs may fill in the blanks with less robust information. These days, when you read a story from mainstream sources, it's often best to say, "well, I don't know anything about this story, but it's pretty safe to assume that what I just read is either wrong or nonsense." That's really not good. It gets worse if the only alternatives are just as wrong, or just as nonsensical, and you have to apply some kind of boolean bullshit math to get some outline of what the issue even is.
The erosion of public trust isn't a short-term problem.