Is it the media or unfettered capitalism? Traditional media (newspapers, and local news) is dying slowly, they cannot successfully compete with centralized jugg

Is it the media or unfettered capitalism? Traditional media (newspapers, and local news) is dying slowly, they cannot successfully compete with centralized juggernauts with global footprints sucking up all the ad dollars. Was it Thiel who remarked that capitalism may not be compatible with democracy? One guess on which he'll choose to keep.