Its certainly very difficult to navigate the media landscape these days
Chomsky's model is very flawed indeed deeply flawed, frozen in a certain period in US history, I think many of his arguments about the nature of US MSM being tied to the Pentagon and WallStreet are still true, Chomsky has always had trouble dealing with propaganda that isn't american, and has a long history of whatabouting and genocide denial, and his linguistics are also bad
Attacking journalists and this extreme factual relativism is terrible, but I think people have many legitimate reasons to distrust "mainstream" media, who themselves have been purging investigative journalists for decades. CNN or almost unwatchable.
Still, outside of scattered independent journalists, small outlets like the Intercept, there really is no viable "alternative" that can replace a professional newsroom, which is why all the void was so easily filled by psuedo news agency's like RT, Telesur or worse. It's a lot cheaper to do zero investigating and just have pundits AdLib.
I get my news from AP, Rueters, All Jazeera among others btw