I read somewhere and I tend to agree-- it's not JUST the politics driving this, but also AI and the way the business model has evolved away from television, that all of media is regressing and it will look less like the 2000's and more liek the 1400's and the Medici's where you've got like 3 or 4 powerful families (but, corporations) who control and pay for all the content creation and distribution. You'll have the alt-right one, the conservative one, the lesser conservative one and the liberal one.
If you've been following The David Ellison Skydance stuff (nepo baby to 10 days ago world's richest man Larry, briefly overtaking Elon as Oracle's earnings gave the stock a pop) and the the Lachlan Murdoch succession drama of Fox properties, the die seems cast for the forseeable future...
I'm like a lot of folks who posted that Jimmy Kimmel is not only not funny but actually annoys and grates me with his attempts at humor, so I don't watch. But this isn't about him or his show anymore, it's the principle(s) at play now.
The media business was never not owned by corporations. You can actually argue that the internet disruption actually democratized terrestial media (e.g. streaming, YouTubers, Influencers and short form content creators) in a way that has hurt the legacy media machine.
AI will likely hurt the Hollywood complex as well.