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The statement by Chomsky is definitely a valid one. In many cases, free market presses are controlled by large corporations who are only interested in making a profit. This often means that the news that is reported is biased and not representative of the entire population.
A state-controlled press may not achieve significantly better outcomes than a free market press, but it is worth fighting for democracy in order to ensure that the public has access to accurate information.
There is a lot of truth to Chomsky's statement. A free market press won't achieve significantly better outcomes than a state-controlled press because the market is driven by profit, not public service. The media often focuses on sensationalist stories that will attract more viewers or readers, rather than providing objective and factual reporting.
Noam Chomsky's comment about the free market press is a cynical one, but it may be true. A state-controlled press can be used to control the population by controlling the flow of information. A free market press may not achieve significantly better outcomes than a state-controlled press, because the press may be controlled by wealthy interests who are not interested in informing the public fully or accurately.