I haven't read that book and will add it to my reading list.
I'm not naive (but far from an expert). There are all kinds of problems with western democracy, capitalism and the media (in no particular order).
There is a vast difference between the 'western media problems' and the propaganda coming out of Russia though.
The narratives around refugees in Australia are a very good example at least one of the problems with western media. Referring to refugees as 'Illegal' has led to them being locked up off-shore for extended periods of time (6+ years in some cases).
Western media isn’t controlled by the state but frequently acts in service to it. See Manufacturing Consent, by Edward S. Herman and Noam Chomsky.