It is no secret that over the course of the last couple of decades, issues related to fake news, substandard fact-checking and rampant censorship have resulted in many mainstream media outlets losing the trust of their viewers and listeners.
In this regard, the 2020 Edelman Trust Barometer--a digital tool that serves as an indicator of how people view the media industry in general--shows that 57 percent of people all over the world believe that they cannot fully trust their news media sources, while 76 percent believe that false information is purposefully being disseminated by various prominent media houses as a means of polarizing their viewers.
Similarly, according to a survey conducted by Gallup and the Knight Foundation, nearly 8 in 10 Americans believe that the mainstream media is actively trying to get them to adopt a certain political stance or opinion. Lastly, according to another study by data intelligence company Morning Consult, an increasing share of adults in the United States are losing trust in news affiliated with nine of America's leading media outlets, such as CBS and The New York Times.
Shiraz Jagati, "Blockchain in Journalism: Winds of Change Carrying Media to New Frontiers," Cointelegraph, November 5, 2020