Edward R. Murrow and the current MSM

I just finished reading this piece from The New Yorker. The thing that's most interesting about it to me, and the most relevant, is the question it raises about government regulation. Liberals and conservatives alike, at various times and in differing circumstances, have tended toward a desire for deregulation, which they've gotten. Is that really better for the public? The article doesn't answer that question at all, but it does make the question palatable.