At least concerning private television.
There still are good series and good movies. Unfortunatelly not from the private channels and these who exist don't have ratings that are good enough to make private channels the competition it would need. Until now competition is solely cost based. It also could be based on quality, too, if the audience would choose more carefully.
And if tyrants take me, And throw me in prison, My thoughts will burst free, Like blossoms in season.
Foundations will crumble, The structure will tumble, And free men will cry:
Thoughts are free!