That is pretty accurate for how it actually works out here in the U.S. It also should explain why our media is so anti-Trump and why they focus on everything he does "Even how he drinks water" as they've begun to lose control.
There are a few exceptions but when it comes to the media they are very outrun in the U.S. Also California is largely run by such people. Considering that is where so much of the film industry and such comes from, and where Silicon Valley began it should be no surprise they have the loudest and most numerous of voices in the media.
People are beginning to see through it though.