And then returned in the 1990's with the 24 hour news networks.
More the removal of the fairness doctrine.
Even if it was left in place it would have become increasingly a joke as non-broadcast news grew in the form of cable rollouts and the internet.
I don't think this gets mentioned enough. Rush Limbaugh was the result of the doctrine's abolition. You can draw a straight line from Limbaugh to Fox News, et al.
WNYC's "One the Media" have done just this:
"How Rush Limbaugh Paved The Way For Trump" (2021)
<https://www.wnycstudios.org/podcasts/otm/episodes/how-rush-l...>
Audio: <https://chrt.fm/track/53A61E/pdst.fm/e/dts.podtrac.com/pts/r...> (MP3)