The Revolution Will Be Kuhnian.
Conservative media organizations cannot attract good responsible journalists because trying to sell newspapers to the Tea Party (or to anyone) is by definition unethical.
Liberal media organizations follow the rules of good responsible journalism but ignore their audience: people like me who desperately want news with a point of view.
The Internet was basically the Elvis of 1996. If you were a parent at that time, the World Wide Web was something you had to get a handle on, fast. Even if your children were grown, the Internet radically changed the world of work.