Still, how is profit/competition to blame? It is historically accurate to say 1) for-profit media companies (aka newspapers) existed before the decline in trust, and 2) CNN was founded well after the downard trend started. So something else (broken money) must be the cause.
There is lots of information on the history of media in the U.S. Read up on that muckrackery history I mentioned. William Randolph Hurst, etc. Google it. In America, the news was originally a side-activity of printing and other companies, etc. Just as when radio and TV started the news was a public service add on. In the case of using public airwaves, it was a regulation.
Big industrial change takes a decade. CNN's planning, organization, and early work was far before it's founding date and out of the effects of the changes going on in the 70s.
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