This is true, but with an important distinction: There ARE talented writers out there. It's just that, especially with publications with huge circulations, the majority readership demands inane crap. The lowest common denominator continues to get lower.
There are still places to find quality journalism, fiction, movies, music, whatever..., but you have to spend a little time and energy to seek out what appeals to you. Rolling Stone has been a joke for a very long time.