IIRC, as an example, Newsweek lost its trusted status as it adopted a news tabloid format. Further, they no longer have fact checkers and do not print corrections. Surely that's a disqualification right there.
I wish those people over 40 hadn't put a US government in place that abolished the fairness doctrine. Then our news sources would probably not be so bananas.
> IRC, as an example, Newsweek lost its trusted status
Precisely, it lost its trusted status, but the GP posts that WP trusts publications that have gone bananas. So your example speaks in favor of Wikipedia's reliability.