I've been hearing that for 30 years.
Back in the 1990s, Drudge would say on his radio show, every week, "The networks are hemorrhaging ratings! They're hemorrhaging! The studios are hemorrhaging ticket sales! They're hemorrhaging!"
"Hemorrhaging" was Drudge's favorite word.
And the mainstream media has continued "hemorrhaging" jobs, ratings, and ticket sales. And as a result ... they're bigger, richer, and more powerful than ever.
Good point, now Drudge is “Hemorrhaging”.
I can’t argue with that. They seem to have an inexhaustible supply of billionaires that bail them out.