I can't speak for the other institutions but I'd be shocked if the press, as an institution, is the best it's ever been. I know a lot of people who left that industry because of the way that the Internet and social media eroded the profitability of reporting while pushing on virality, articles were tuned to declining attention spans, outlets leaned more on centralized newswire services, and local reporting collapsed nearly to zero.

I think the press, as an institution, was at its peak post-Watergate, and pre- ... something. I don't know when exactly the press began to decay; possibly with the rise of 24-hour cable news in the 1990s; maybe the elimination of the Fairness Doctrine in 1987, maybe the Telecommunications Act of 1996. The media landscape was certainly severely decayed by 2003, and has not gotten any better.