I’ve referred to this as the death of the expert, apparently there’s also a book similarly titled that covers the same concept.

I highly recommend anyone interested to look up Operation Mindfuck, how it worked and where some of the Discordians that took part ended up going later in their lives. I would also argue removing sources of authority like news organizations, or at least ruining their legitimacy, is a part of pushing the population towards chapel perilous.

As for the concerns about funding a news coop, I wonder if the relative success of Dropout tv would be a good model? The only other successful organization in an unsuccessful format I can think of is The Onion, but they had a major investor save them.