Something rarely discussed is how the cost of publishing the content is imploding.You are aware that content generation isn't, in fact, a technological problem, right?
You still need folks to write the copy, edit, research and fact check, moderate discussion forums, etc.
Yes, the cost of the actual physical act of publishing copy has gotten cheaper. But high quality journalism costs money. That's unavoidable.
I'm not sure that society gets much value from journalists. Take corporate press release, lightly wrap in trendy breezy cliches and clickbait headline like 1000 of your closest competitors but supposedly your re-skin is better than theirs, and spam the link everywhere.
I hate to break it to you, but: this was caused by the internet. Two major effects are at play. First, yup, it's a lot cheaper to publish complete drek, hence the Gawkers of the world. This has caused those organizations that actually invested in content generation to have to cut costs (ask any news agency in the world... the investigative journalist is a dying breed, to everyone's detriment). The result is lower and lower quality journalism as investigation, fact checking, and so forth, is thrown out the window.
This is exactly like folks who would complain about the incompetence of government while trying to financially strangle it. And then, when that underfunded government isn't able to react to some disaster or adequately execute some social program, they use that as further evidence that government must be slashed ("look, government is so competent, yuk yuk yuk!"), while conveniently downplaying the fact that they caused the problem in the first place.
Quality journalism is dying because no one will pay for content. And no one will pay for content because of the perceived low quality of journalism. Repeat ad nauseum.