There have always been good reasons to be mistrustful of the media; Chomsky said this well years ago in "Manufacturing Consent".  And there has never been a media outlet without some sort of bias.  I don't know if it's really being 'taken to extremes' these days or not; there's always been crazy stuff.
At the same time, some sources are obviously better than others.  I'd trust the G&N, NYT, The Economist, The Guardian, The Wall Street Journal, etc., long, long before I'd trust Fox, The Rebel, The Drudge Report, Young Turks, or Breitbart.  The first group has earned a degree of credibility and will often carry opposing views; the second simply popped up to promote specific agendas.
There is a "meme" claiming 'Muslim refugees' get paid more than a Canadian pensioner.  It has been proven untrue repeatedly, yet still appears from time to time with comments like, "disgusting" or "shows who Trudeau cares about."  When people accept memes as facts, a problem lies with with consumers of media.