The free market failed is why.
The concept is people would only pay for news that they want/support. Sensationalization, the Internet, MKultra level advertising and simply how information is shared but not paid for gave rise to fake news.
Now you make money lying to make more money. Why bother with the truth is nobody pays for it in an economy where you need to be paid to survive?
Honestly the more they push stolen election and show no results the less effective it will be in future elections. They’re drastically losing their grip on power