There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
The opposite thing will happen. If the media will collapse and there will be no parties that can manipulate the cryptocurrency use the media.
We can remember it back a few years ago and we rarely got covered by media and crypto can still exist. Crypto was a technology and this will remain forever.
I think that media will always give a very big impact to the market for sure.
Of course the media has a huge influence on the crypto market. By covering the market it can cause the market to grow or decline.
However, if a certain media collapses, the crypto market will not be affected too much.