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It's been in decay for a while, thanks to corporate and ultra-conservative ideological interests leaning on it. A lot more of the content has drifted towards anti-immigrant fearmongering, pro-war jingoism, and paleoconservative fixations on Big Government (in the form of social programs rather than police power) and public debt. The parade of hagiographies for the ultra-wealthy and the endless pumping of tech sector vaporware haven't been great, either.
But enshittification has been strangling every major television news publication for a long while now. Owens isn't exactly a radical. He made his bones giving Bush Jr an hour long platform in between 9/11 retrospectives on the eve of the 2002 election and then spent a big chunk of his career producing glossy sports media spreads for the benefit of some of the most shamelessly corrupt billionaires in the country. Since taking the "60 Minutes" producer's desk, he's bent over backwards to accommodate the studio's biggest advertisers.
If the job is too miserable for him now, I have to assume it is because he is just answering angry phone call after angry phone call from a corporate advertising base that's plunged right off the reactionary cliff.