Whilst the act for which you speak definitely accelerated the bullshit, it wasn’t peaches and cream back in the day. Just look at the film Citizen Kane a fictitious (and lawsuit resistant) depiction of William Randolph Hearst. In it an exceptionally wealthy business man uses the media to promote his political aims. And to skew narratives outside of strict politics. A man who craves love and adoration but can’t reciprocate. Remind you of anyone? I would say Musk’s purchase of Twitter fills at least one of those molds, Trump the rest.